Valerie Gastaldy, head of technical analysis firm Day By Day, highlighted that an upside gap opened on Monday morning on the Euro STOXX 50 has created a 'weekly gap' which, she said, might happen only once every two or three years.
"If Monday's gap remains open by the end of this week, we'll have a rally in September and October, and this will be uncommon too because the seasonal (equity market trend) is weak at that time of the year."
Source : Reuters lire le PDF
Valerie Gastaldy, head of technical analysis firm Day By Day, highlighted that an upside gap opened on Monday morning on the Euro STOXX 50 has created a 'weekly gap' which, she said, might happen only once every two or three years.
"If Monday's gap remains open by the end of this week, we'll have a rally in September and October, and this will be uncommon too because the seasonal (equity market trend) is weak at that time of the year."