The stock market fluctuated the whole day around the previous close after having attempted, without success, to surpass the 2900 level. Going through charts of individual heavy weighted stocks, there is a possibility that some more correction is needed before their prices find a bottom. That may fit with the scenario we envisionned earlier in the summer of a large trading range between 2800 and 2950- 3000 which has, so far, shaken confidence of market participants and may continue early in the fall, frustrating bulls and bears who are waiting with anxiety the next furious tweet of Mr Trump…

Next update Monday 9th September 2019.