Open buy · a mature rally testing the record
CAC (CAC 40): buyers own the daily, the weekly signal is spent
Open buy · a mature rally testing the record
Our view last week
The CAC — the ETF tracking the CAC 40 — technical read frames a mature rally tested at its highs: rejected from its record in early July, the index now works 2.7% below the peak. The daily is repairing, with a solid double bottom in the 82 area and buyers still in the majority, but on the weekly the drive is cooling — MACD histogram lower, price action turned bearish. Signal Strength sits near its floor and the quality band advises against fresh entries in this late stage of the cycle.
This week's summary
The CAC, an ETF tracking the CAC 40, has climbed back to within a whisker of its record after early July's rejection: from 2.7% below the peak last week it now works 2.29% under, up 3.44% since entry. On the daily, buyers dominate the tape — more than 95% of volume — with moving averages aligned to the upside. The weekly, though, stays spent: the MACD histogram has fallen for four straight weeks and Signal Strength sits near its floor. The technical read frames a mature rally to be managed.
IQS Phase
57
ordinary
Signal Strength
11
low · fading
ATH distance
2.29%
2.29%
KPI 4
0/3
Trade P&L %
+3.44%
from signal to today
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