The Stock Exchanges are rather overperforming. The economic datas are not that good, but the market is expecting ECB President Draghi to release fresh money in the market.
But there may be a reason to release the money in the market and thus this would only be possible when the market go to a severe correction otherwise, tax payer would not understand the reason and there would be no legal ground for ECB to release the European QE.
In addition to that, there will be at least a technical correction on the market, i.e technical correction of VIX.
On a purely chartist approach as far as VIX is concerned, we may be very much in front of a double bottom and you would see the neck line on the chart.
If volatility index is increasing, Indexes may fall. Therefore, it would be a nice ground for ECB to launch its EQE.
But there may be a reason to release the money in the market and thus this would only be possible when the market go to a severe correction otherwise, tax payer would not understand the reason and there would be no legal ground for ECB to release the European QE.
In addition to that, there will be at least a technical correction on the market, i.e technical correction of VIX.
On a purely chartist approach as far as VIX is concerned, we may be very much in front of a double bottom and you would see the neck line on the chart.
If volatility index is increasing, Indexes may fall. Therefore, it would be a nice ground for ECB to launch its EQE.
