CAC 40 forecast: French index threatening move to the upside.

The CAC 40 gapped higher to kick off trading on Wednesday, to not only break above the 5500 level, but also clear the 50- day EMA which had been so important over the last couple of weeks. When you look at the chart, it is easy to see that we have found a significant amount of support in the vicinity of the [euro]5400 level, so it clearly makes sense that we would go racing towards the highs off the bottom after we broke above the top of the inverted hammer from the Monday session. It was a good day in Paris, as the stock market rose 1.86 percent...