CAC 40 Ends Day Higher
The CAC 40 cash market finished the session up 1.97% at 8,425.13 points, with a total volume of €6.56 billion. Over the week the index is up 2%.
Technology stocks kept the market strong. The Nasdaq also reached a new high, helping the Paris exchange stay positive.
Middle‑East tensions are easing. The Strait of Hormuz reopened for commercial ships after a temporary cease‑fire between Israel and Lebanon. This reduced investors' worries and added confidence.
One big drop was Alstom, which fell 27% to €16.64 after the company warned that its profit and cash targets for 2025‑2026 are now out of reach. The news revived concerns about the group's future performance.
Traders are also watching the talks between the United States and Iran, especially after former President Donald Trump mentioned a possible short‑term cease‑fire.
Overall, the market stays cautious but hopeful as geopolitical risks fade.
May Future – Key Levels
Resistance levels: 8,343; 8,466; 8,912; 8,434.
Support levels: 8,240; 8,208; 8,190; 8,089.5; 8,066; 8,048.5; 8,019.5; 7,960; 7,843.5; 7,768.5; 7,676; 7,512.5; 6,999; 6,467.
The intraday trend is bullish above 7,960 points.
On the chart, the CAC 40 future is still holding the base of the long‑term bullish channel at 8,174 points. This level matches the upward diagonal that links points 1 and 3 of a Wolfe wave pattern, making it a strong technical pivot.
As long as the index closes above 8,174, the upward momentum should stay intact. The next target is the intermediate resistance at 8,466 points, followed by the top of the bullish channel at about 8,707 points.
If the price falls below 8,174, the current setup could break, and the market may drift back toward the short‑term support at 7,960 points. A bounce from that support, or a limited downside fill of the local gap at 7,935.5, would not change the overall recovery trend.
A deeper break could push the price toward the Wolfe wave target around 7,641 points and possibly to 7,512.5 points. Going lower than the weekly triple‑top neckline at 6,999 points would signal a stronger correction.
Conclusion: Because the outlook is still uncertain, we keep a cautious stance. We take partial profits in dynamic and investor portfolios to lock in recent gains while staying flexible.
We remain selective, staying in stocks that show solid technical signals, and we are ready to adjust if reversal patterns fail.
