CAC40 closed Friday the GAP with a close above 7,379.
But the break is not convincing. RSI is still showing negative sentiment, it needs to close above 60 to revers that.
If CAC40 slides back below 100 Moving Average and closes below 7,246 the downtrend has resumed with a likely sell-off down to 7K.
First indication of the bearish trend to resume is likely to be and RSI close below its lower rising trendline
For CAC40 to gain upside momentum a close above the Friday’s peak at 7,404 is needed followed by an RSI close above 60. If that plays out All-time highs is likely to be tested