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CAC 40 leads European gains yesterday but will it repeat again today?
Yesterday the CAC 40 rebound continued and it led the gains here in Europe. So, it seems that sellers refrained from stamping on the rally to any major degree. That allows the CAC to close 101 points higher yesterday, at 7,671. The gain of 1.34% compared to a rise of 1.03% in the DAX and 0.82% in the FTSE 100. Hence, it is possible the CAC is continuing to try and forge out a technical correction to that 38.2% level, at 7,768. To remind the reader; that 38.2% level is corrective to the fall from the record high, at 8,259, to the most recent low, at 7,464. The CAC futures are not actually any higher right now ahead of the opening in around 40 minutes from now, currently pricing that at around 7,670
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