CAC 40 (CAC) Tops All 8 major Global Equity Indices, But Still in a Downtrend Over Past 90 Days; Price Base in Formation Over Past 30 Days

CAC 40 Daily Price Recap

CAC 40 came into today up 0.48% ($21.49977) from the open of yesterday, marking the 2nd day in a row it has gone up. CAC 40 outperformed all 8 assets in the 8 major global equity indices asset class since yesterday. The daily price chart of CAC 40 below illustrates.

CAC 40 Technical Analysis

Volatility for CAC 40 has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone up 10 out of the past 14 days.

Overheard on Twitter

Over on Twitter, here were the top tweets about CAC 40:

  • From Jomilojju:

    CNN: London’s FTSE 100 and Germany’s DAX opened narrowly higher, but France’s CAC 40 was slightly negative. Europe’s tepid open followed an uneasy day in Asia, where Japan’s Nikkei 225 closed down nearly 1.2% as the country reported that exports fell sharply last month.

  • From dmadden_CMC:

    FTSE 100 is expected to open 44 points higher at 5,830DAX 30 is expected to open 110 points higher at 10,735CAC 40 is expected to open 46 points higher at 4,545

  • From furious_man_0_:

    @sacdenoix @PerrineST Indice dow Jones ou CAC 40 !? 😁😂