In the pre-opening, European equities were negotiating with some valuations. The volume should be lower because of the US stock market holiday. Even considering this factor and given the relative stability of Asian markets, it is not excluded that the volatility is lower than that seen in recent weeks. Technically, as DAX remain at higher levels than 9930, the recovery which began on August 21 remains valid. Importantly, if the current recovery continues, it is expected to be very volatile in nature and short term. Investors face many uncertainties for now, fact that prevent the stock markets to find stability at the medium term. For these reasons investors should not exclude downward movements.