Moods are still positive despite the correction this morning. Investors are accumulating share prices, after the decision of ECB of QE program. Expectations are for cheaper money and part of them to be invested in stock markets.
The QE program lowers the risk in Europe‘s financial system and reduce the governments expenses on the state loan, which is the reason to be positive for the european stocks.
The economic data today are good which will support the indexes next hours. There is no reason to expect the correction to continue, but every new correction will lead to new buys.
US indexes are near to the diagonal trend supports. Correction there is bigger than that in Europe. There is a difference in indexes with Europe because of the QE program and the weak euro.
Though there is a risk, we don‘t expect a break of the diagonal supports in USA and a deeper correction in Europe.
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