In the previous flash, I mentioned three major obstacles to progress courses:
1) an upward cycle in the European long rates:
If it has largely continued , European indices reacted stoically. This resistance to bad news bodes well.
2) evidence of high levels of confidence: The
AAII rides his trusted zone for many weeks but do not trigger a decline in indices. This situation is rare but not unusual: it occurs in very strong trends when the influx of cash outweighs any consideration.
3) the presence of major resistance on Nasdaq 100 and Dax :
The Nasdaq 100, the highest index of the planet, has totally ignored his major resistance and navigates its best levels since 2002!
therefore it is conceivable that the Europe, although underperforming , will eventually follow. The CAC seems able to reach its highest of 2010 to 4090. One can even expect a little bonus to 4150, target calculated by extension .
However, I can not give in to a frenzy bullish because the chart below. This is the European banking sector. If it found a good support , it remains locked in a downward powerful resistance. The outcome of the battle seems doubtful. 
CONCLUSION:
ACC Current Opinion: neutral.
Search an entry point for long target 4080 or 4150.
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