CAC 40 sets a daily close back underneath 7,500 so where next?

Yesterday, as just noted in the previous update, the CAC 40 was the least worst major European stock market, when it handed back just 0.22% on the session. However, the index did reject a daily close above the noted technically important level, at 7,500. The CAC 40 closed 16 points lower, at 7,485. The earlier session high was set at 7,531. So, far this morning the CAC futures have not indicated it will rebound back above 7,500 on the opening. It might of course, but the rejection of that level into the close last night is not exactly positive, but we shall soon see where the direction is when live trading resumes in around 30 minutes