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CAC 40
Daily Outlook
Technical Outlook
We are in an uptrend but trend development looks like a wedge. It looks we have still time inside wedge. There
is a premature head & shoulders development exist. So current wave development is critical. CCI is still in buy
zone and no sign of a divergence but there is a harmonic pattern growing up.
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Esoteric Outlook
During the May we saw the bullish effect of the Uranus - Pluto Square until Saturn - Neptune Trine brought
bearish effect. That aspect occurred while both planets were retrograding. After Saturn turn to direct
movement, these two planets will have another Trine aspect but this time along with Jupiter, a Grand Trine.
Master Time Factor predicts bullish movement after July 5. So we can expect this time a bullish movement with
this aspect.
Hourly Outlook
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Technical Outlook
We rallied from 3667 to 3838 levels and corrected below along with good NFP data. However one day before
Draghi gave good signals about injection of liquidity in markets, low interest rate policy etc. So no reason for
European markets to have a pessimistic atmosphere in the short term. Of course on the long run economical
fundamentals are crucial but nowadays investors happy to see liquidity around. The rally I wrote above was
clearly 5 wave movement in Elliott wise. Current correction reached to 50% Fibonacci level and price turned its
head up. Both CCI divergence and price movement characteristic shows that what we currently see is a
correction. Problem here is how long it will be! We need to focus on 5m chart to solve this and need to look at
esoteric analysis.
Esoteric Outlook
When we go on detail, I want to share two Moon cycles present and composite of them. These cycles are Sun-
Moon cycle(blue) which is known as Moon Phase and Moon Geocentric Position (Green). Composite of the two
cycle is pink. We should look for a bottom when Moon is in a earth sign while it is a high probability to see a top
when Moon visit air signs. Moon-Sun 60 degrees, 300 degrees and 180 degrees (full Moon) bring bottoms where
0(New Moon), 90 or 120 and 240 or 270 degrees bring us tops. Weekend and first three days of the next week
are unclear however after Wednesday we can see bearish movement until Friday. After next weekend we
should see the end of correction period.
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5 Minute Outlook
Technical Outlook
In case price stay over 3780-90 resistance range, we can see a development to Fibonacci extension level of 3832
levels.
Esoteric Outlook
At weekend Moon-Jupiter conjunction and Venus-Uranus Trine are important. On Friday Moon aspects with Jupiter-
Saturn-Neptune Grand Trine can change the trend. If correction continue to this date, this can be the end of
corrective period and trigger of a new rally.
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CONCLUSION
There is a risk of continuation of the rally on the way of main trend. However it is more likely to see the
continuation of the correction until July 12. Fibonacci resistance around 3130 where is also bottom trend line
support can be bottom level. Another alternative is 3668 resistance level where was the end of previous
correction. Later I expect to see a rally which can be a profitable with an adequate trade set up.
Erhan EKER
05.07.2013
https://twitter.com/EEKER79