France presidency: Francois Hollande decides not to run again
Things in Europe changing very fast, obviously: By Monday is a crash expected to come - wich might not occur because to much investors betting on this crash to come.
Only few Minutes ago Francoise Hollande said, that he will not run for a second France Presidency.
Politics is still an issue in Europe and for the CAC 40 ist this a sign of hope that conditions for the French Ecconomy are getting better after the Election in May 2017. The CAC-40 might jump of this major resist to complete a reversal pattern in the next couple of trading days.
Do you remember Matteo Renzi and the completely break down of the Euro, the EU, the banks ....?
The Stockmarket doesn´t - and that´s for sure.
Watch this chart and see what happend in the last 9 Trading days. A new bull market is born same time US-Investors betting billions of US-Dollar on a Italy and EU to break down.
watch tommorrow´s candle. The "rule" is, that the following candle shows the further direction. This might confirm this up move. If the trend start to show a momentum to the downside take profit.