The question one has to answer is what will fuel the market?
a European QE? Good economic datas? Unemployment rate falling down?
We are almost in a clear double top formation with neckline at 16345.
A correction may be very much healthy for the index.
There is no interest rate increase for FED before 1Q15 for sure apparently, which means that the risk of inflation is not that important and there isn't yet a real momentum to create job and decrease the unemployment rate.
Only a European QE may fuel the market on the upside.
Let's see.
a European QE? Good economic datas? Unemployment rate falling down?
We are almost in a clear double top formation with neckline at 16345.
A correction may be very much healthy for the index.
There is no interest rate increase for FED before 1Q15 for sure apparently, which means that the risk of inflation is not that important and there isn't yet a real momentum to create job and decrease the unemployment rate.
Only a European QE may fuel the market on the upside.
Let's see.
