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CAC 40 set to open higher shortly- will the market sell into the rally again?

As already noted here today, the CAC 40 closed modestly higher yesterday. The 0.42% rise on the day translated into a 31 point rise for the index, when it closed at 7,474. The low on the session was set at 7,450.93, so as you can see, that 7,450 price point acted as a support level once again this time around. The index is set to open quite a bit higher this morning. The question to ask once again; is will the recent (and still in place) tendency for the market to sell into rallies remain in place again today? That is possible, but not set in stone any means, when looking at the price action of the CAC futures right now today. The index is currently priced to reopen at around 7,540
 

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