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 double bottom 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.