Weβve just triggered a high conviction short-term negative signal in the CAC 40, suggesting caution is warranted after a strong run.
Since our last positive signal on April 14th, the index has climbed an impressive +7.6%, but current conditions point to a potential pullback ahead.
Key levels weβre watching:
π Near-term pullback potential: β1% to β1.5%
π§ Initial support: 7,727 β the 50-day SMA
β οΈ Volatility support zone: 7,653 (β2.4% from current levels)
While this doesnβt mean the broader trend is breaking down, it does suggest short-term traders should consider de-risking or tightening stops.
Weβll continue to monitor the setup closely and share updates as conditions evolve.
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Stay sharp,
QM Trades