The situation on the markets in recent weeks is quite uncertain. Statistics say that September is the last negative month of the year where major phases of corrections occur (especially the last Friday of the month due to options expiration). Do the graphs say?
The leading market, S&P index, is positioned upward in the long term after several months of a side step as shown in the above chart in quarterly candles.
The upward setting is confirmed even from the medium term chart (in this case monthly candles).
Analyzing index weekly chart we see that after a negative period in the last week, the S&P is back in positive territory.
Confirming uptrend of the three periods analyzed, it shows a positive picture for next months starting from October except for possible external events.
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