Vive la France!

• Posted by Greg Harmon
• on November 18th, 2015

France has been under attack before. But it was been a very long time ago. This time is not a maniacal group trying to rid the world of all those that do not share the same views or ethnic background. Or is it? Others will spend a lot of time exploring this question. I know that they will rise back up.

Their stock market is barely missing a beat set up to continue higher. That will surely help. I have done up the chart of the chart of the French CAC 40 below in the colors of the French flag. It shows a Bat harmonic in the making. This pattern carries an upside target to 5760 before a reversing.

Momentum is on their side as well. The RSI is moving up over the mid line into bullish territory while the MACD has crossed up. A move back over 5200 will seal the fate of the market higher. Go France or as they say, Allez les Bleus!

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