Since the beginning of the year the main French index gained more than 8.5% but last week stayed flat with only a minor loss of 0.27%, furthermore it remains in a bullish phase since mid-April. Last week the main French index went back and forward without any clear direction although closed in the red, in the middle of the weekly range, in addition managed to close within the previous week range, which suggests being clearly neutral, neither side is showing control. The stochastic crossed below the overbought zone and is displaying bearish momentum however is still above the 50 mid line. Expecting a downward move to the lower zone of the weekly support at 4,975.0 on a break below the Fibonacci extension at 5,140.1 (scenario 1) however a bounce from the Fibonacci extension at 5,392.5 may trigger a profit taking down to the weekly support at 5,235.0 (scenario 2).