The month of September showed us two very different weeks in the European markets, the first was a continuation of the “bullish” sentiment that began after the inversion from August 8th and the second week revealed a corrective movement that followed the strong rally.
As mentioned in the previous publication, and shown by the prices from recent sessions, the correction had not yet reached significant levels to justify any return to the rising of prices. However we may not say that this retraction will be largely expressed, therefore we can easily foresee a new attempt for the market to reach new highs, specially if we have in mind the incredible behavior of the “Locomotive” S&P 500.
Happy trading. 🙂