CAC 40 is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 16 days and may test it again within the next 3 days.
Because CAC 40 formed a Triangle pattern, we expect it to touch the support line. If it breaks through support it may move much lower
