CAC-40 technicals March 17, 2015

France index CAC-40 above 5.000 for a new 7 year high. QE by the ECB lowers sovereign borrowing costs and devalues the Euro, lifting European shares. You can’t short this index now just because the French economy actually grows below par.

CAC-40, monthly chart (since 2007):

CAC 40(Monthly)20150317000827

Chart courtesy of investing.com. http://investing.com

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