CAC Forecast August 28, 2015, Technical Analysis

The Parisian index gapped higher at the open on Thursday, as we continue to see strength in the European Union. Now that we have seen a move above the 4600 level, we feel that the CAC should continue to go higher. Ultimately, we believe that the only thing you can do is buy this market as it has been sold off so hard that it now represents a significant amount of value in our opinion. Pullbacks could be used for an entrance, or a move above the €4700 level. We have no is so selling this market at the moment.