So I guess you expected that markets would just “rip for the sky” on news of The ECB finally pulling the trigger eh? Wrong.
SP 500 and “risk in general” rejected at the suggested area around 2050 as……this has been priced in for ages. Draghi taking his turn “pissing into the wind” for the final attempt – as market fundamentals begin to steam roll Central Bank efforts.
We all know QE doesn’t work…and if you ask me…..if looks like “the market” is starting to get it as well.
The Canadian Stock Exchange $TSX has also bounced to the downward sloping trend line , where I expect it to be rejected and begin the next leg “considerably lower”.
And just a quick note to “any and all of you readers” still convinced that The Central Banks have your back………………..
Just keep your head buried in the sand while they print you into poverty.
You’ll figure it out eventually..
I think there is a chance the knee jerk reaction of the markets will fizzle out next week and the mood will change massively. It could be the stock markets will ask more from Draghi and say the 1 trillion Dollars is too little, we need 3 trillion!
Exactly.
Doesnt look like it..look at the european indices like dax..bullish breakout. No signs of reversal
I don’t trade currencies. But USD due to reverse course. USDX will go down again to the 72-74 area. This could also cause an increased oil price. Though oil is harder to predict as it is heavily politically influenced.