This monthly chart illustrates correlation between SPX and QE. SPX has been in upward channel. End of one round of QE seems to bring out weakness in equities. Back in Oct 2014, QE3 was officially ended, and on the chart it shows up as a hangman candle showing the market's vulnerability to go down half of the channel. Starting 2015, we have the Doji and then following by red down candle. If there is another down candle, we will have a confirmed bearish pattern.
Comments
jangseohee
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Well done
so next thursday either ECB will have an effect on this, may be a break up!
then Yellen doesn't have to do anything
if not by the time it falls to 1800, QE will come out again as a technical support :-)
so next thursday either ECB will have an effect on this, may be a break up!
then Yellen doesn't have to do anything
if not by the time it falls to 1800, QE will come out again as a technical support :-)