Why not start the day with a Hilsenrathish QE rumor to get the markets boiling. ECB Will Boost QE By 120% To €2.4 Trillion, S&P Predicts and Stocks, Futures Soar As Europe Joins Japan In Deflation, Surge Driven By Hopes For More Japan, ECB QE
It is as simple as that when you need a stick save to keep the markets from falling off a cliff. Remember, the only QE that really matters these days is from the Fed, so EU, Japan, China QE is to a degree meaningless. Its hope/effect will only be short lived. the Fed is saving their QE trump card for a real scare.
On to the lie -
Well, a gap up open to take back the key round levels was to be expected sooner than later I'd guess. After the charts got blown up (prematurely in the setup for the fall), they are now scrambling to get back some sort of form and attempting a technical switcharoo from short to long. Not so fast my friend. They may get a run, but without moar QE they won't get a significant bull run. Confusion still reigns. This policy (or lack thereof - not sure which) will only continue the trend of volatile consolidation (highlighted by dramatic stick saves at support). I'll give specific S/R info below.
SC still in the process to get my charts back, but it is in motion! Sorry for their delay.
Freedom watch -
Well, someone has been beating the Sustainable Development drum for years here at STB. For those of you still in the 'NFW that will happen, ur a nut job Shanky' camp, please see this -The UN Launched ‘The Global Goals’ – A Blueprint For A United World
And on the same note this is worth a listen - Warning - will need some digestion. Pope Francis vs. Karl Marx | Who Said It? | Communism and the Catholic Church
More to come below.
Have a good day.
GL and GB!