stimulus picking up again
ECB set to scale up stimulus as new data could indicate a need to do more
https://www.cnbc.com/2020/06/03/ecb-...o-do-more.html
china also started some QE this week all in all plenty of money printing worldwide happening and obviously it is flowing to a degree into equity markets.
we picked the bounce point of the market pretty good from the march plunge
heres a update of the long term chart from a posting earlier , mentioned on the thread about the previous low plunge was the area to watch for a bounce and panned out good. the only surprise being the size of the bounce and the short bear also the divergence in fundamentals from reality due to money printing. abc is the correction wave in the elliot wave count.
NZX showed similar wave counts with the abc confirmed around 8600 level
Attachment 11644
most of my interest now is in US/aus as trading commissions are much lower ( zero in the US and under .11 or less in aus ) than NZ by a huge margin now. NZ is not a good trading market because of liquidity and commissions. it is good for income only really and has become small market for opportunities