After being trapped by bad yesterday intraday advance, I take a bit of height with a daily analysis of ACC.
Here's where the ACC as I see it:
- the bull market began on 3800 points, coinjointement a better relative performance of Europe and a clearly upward of MM150 .
- observed the first rush on 3800 was accompanied by a fracture gap . Since then we have the characteristics of the bull market: slow rise with reduced volatility of 50 points per session on average.
- note how the attacks swales, whose duration shall not exceed two days, are routinely countered through low shadows on the candlesticks.
- side component of the CAC, the signals bullish successive (or previous analysis and commentary), pérénisant the upward trend for many weeks in my opinion.
- If gap Friday continuation , we can evaluate the cycle at its half, or 300 points remaining. An extension of the movement would win the next major resistance at 4500-4550 , which should correspond to a rallying highs on the Dax .
In the short term, I is also very good configuration Nasdaq with 9 consecutive green body and almost as many fences at the top. No reason for the rise stairs do not continue.
CONCLUSION:
A bull market is up to me for several weeks (until early May?). I should therefore find a point of entry along to accompany this movement. To monitor this Friday the materialization of a continuation gap.
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