CAC 40 Closes Higher
The CAC 40 cash index finished the day up 1.12%, ending at 8,327.86 points with a trading volume of €4.585 billion.
The Paris market kept its main technical levels intact. Companies in the index reported their first‑quarter results. The biggest name, LVMH, posted numbers that were reassuring. Growth was about +1% compared with the end of 2025, showing that demand is still holding up.
What Investors Are Watching
- World IMF outlook expected later today.
- European Central Bank President Christine Lagarde will speak at the Bretton Woods conference.
- China’s March export data fell to +2.5% YoY, well below forecasts, while imports jumped 27.8% – far above the 11.2% market estimate.
April Futures – Key Levels
Resistance zones: 8,270 – 8,283.5 – 8,341.5 – 8,420.5 – 8,612 – 8,786.5 – 9,156 – 9,574 points.
Support zones: 8,247 – 8,192.5 – 8,138.5 – 8,109.5 – 8,070.5 – 8,053.5 – 8,030.5 – 7,979 – 7,949.5 – 7,862.5 – 7,838.5 – 7,811 – 7,790.5 – 7,746 – 7,709 – 7,685.5 – 7,626 – 7,606 – 7,579 – 7,477 – 7,328.5 – 7,200 – 7,092.5 – 6,985 – 6,866 – 6,720 points.
In‑day trading stayed bullish above the 8,053.5 level.
Chart Interpretation
The CAC 40 future kept bouncing near the lower edge of its long‑term up‑trend channel. A wave‑pattern known as a Wolfe wave held the price around 8,202 points. Around 14:30, a strong upward move (often called a “big finger”) appeared but did not change the overall technical picture.
If the index closes again inside the channel, it would confirm the market’s resilience and support a bounce from the 7,600‑point area. Important price zones to watch are the breakout levels at 8,320.39 and 8,461.75 points.
Breaking above the upper channel edge at 8,786.5 points would invalidate the current weekly triple‑top pattern and could open the way to a theoretical target near 9,574 points.
Conversely, falling below 8,202 points would complete the Wolfe wave, pointing to a downside target around 7,790.5 points. A dip into the alert zone between 7,685.5 and 7,477 points is acceptable, but closing below that would end the current rebound and could push the price toward the weekly “neckline” at 7,092.5 points. A break of that level might trigger a rapid move down to the 5,850‑point area.
Portfolio Actions
We have taken partial profits on some positions and added hedges in the Dynamic and Investor portfolios. The ongoing geopolitical tension and the emerging reversal pattern on the index keep us cautious.
If the technical downside scenario confirms, we will increase short exposure. If the pattern fails and the market stays bullish, we are ready to shift the portfolios back to the upside quickly.
