Technical Analysis

Some critical comments from ECB governing council member, Olli Rehn Unconventional tools have failed to have their desired effect Interdependence of growth and inflation seem to have weakened That has eroded ECB’s impact on prices via demand Says trust in central banks’ ability to influence inflation rate may have eroded ForexLive In other words, he’s
S&P ceiling at 2813.50 to 2817 is being tested The S&P is up testing/breaking(?) a ceiling at the 2813.50 to 2816.94 ceiling. There have been 5 swing highs in that range going back to October.  A move above would be more bullish (stay above).  We are currently trading at 2817.22 above the level.  Key moment/level.