CAC Forecast October 7, 2014, Technical Analysis

The Parisian index gapped higher at the open on Monday, and then turned back around to fall and fill the gap. That being the case, it looks like we are trying to find some type of support in this general vicinity, and therefore a supportive candle is will we need to see in order to start buying again. If we get that, we would be willing to buy this market and aim for the €4500 level. On the other hand, we believe that the €4200 level below is massively supportive and should bring in more buyers if we fall.