After the Bell Technical Review | Mixed technical outlook for CAC as prevailing uptrend begins to slow

• The MACD line is significantly above the MACD signal line
• Bollinger analysis indicates upper Band® is at 7,651

On a 13 day uptrend, Friday's session put the brakes on the ongoing uptrend — CAC moves 0.1% to close at 7,569.35 Friday.

The index has been trending positively for about a month. After hitting an important low of 15.42 approximately 7 months ago, CAC has bounced back 49,037% since.

The MACD is significantly above its signal line, which suggests the market is running out of bullish momentum and could revert to a negative outlook as bears regain control. CAC 40's upper Bollinger Band® is at 7,651, suggesting that a downward move may follow.

Although price action remains in a stalemate, technical analysis suggests CAC could be primed for a break to the downside.

Fundamental indicators – highly important Business Climate Index data from Germany beat analyst expectations of 94 with a reading of 93.6.

While CAC was pretty flat Friday, mixed performances were seen elsewhere as KOSPI Composite Index is down to 2,523.5, losing 20.9 points, after ending the previous session around 2,544.4. Hang Seng is down to 19,960, losing 115.79 points, after ending the previous session around 20,076.

Upcoming fundamentals: Euro Zone ECB's Panetta speech scheduled to come out today at 13:30 UTC.