Long term: towards 2400?

On a yearly basis, see the dynamic for – 8 and next…MY (3373) fails as a support. 3000 is our first target.

On a quarterly basis, our 7 / 23 quarters moving averages are not bearish but our 7 quarters moving average will decline, at least, for 4 periods. Our MACD is overbought.  The main trend is not bullish. Below 3000, 2401 (previous low) is our next objective.

On a monthly basis; Bollinger bands are diverging with a strong dynamic. A bearish crossover PM / MM is in progress. A bearish non-crossover is in progress with our stochastic and MACD. For our 7 / 23 months moving averages, a bearish A type crossover is in progress (a bearish non-crossover could develop). A bearish parallel pattern is in progress.

Idea: if the dynamic for UQ increase, 2400 will be a (first?) target.

Medium term: weak but not bearish

On a weekly basis, Bollinger band spread is maximal. A bearish non-crossover is the status for our 7 / 23 moving averages. Our stochastic and MACD are overbought. As long as MD (3836) proves to be a resistance, the decline could amplify.

 Idea: below 3000, AMF could stop trading…

Short term: bearish parallel pattern

On a daily basis, UD / LD spread increase with a strong dynamic for each Bollinger Band. A bearish non-crossover is the status for our 7 / 23 moving averages and MACD. With a non-crossover between the CAC 40 and PD + a new low, a new bearish parallel pattern is now in progress. 3000 is our first target and 2 401 is the next one.

Idea: use bearish parallel rules.

Conclusion: as long as MD (3836) = resistance, a collapse is in progress. Below 3000, 2401 is our next (weak?) target.