Steen Jakobsen
The Bank of Japan has abandoned quantitative easing and the European Central Bank may taper its bond-buying programme, so what is the role of central banks in 2017, asks Saxo Bank’s chief economist Steen Jakobsen.
Squawk / 25 May 2016 at 13:58 GMT
Hypothesis Testing
United Kingdom
I mentioned earlier about the correlation of market speed and direction between the 20sma of QQQ and SP500 whereby the former tends to lead the latter.

FWIW...Nasdaq is slowing compared to will be interesting to see how we close. eg does Nasdaq show a stalling of the current move? If so SP500 has in effect overshot with this rally imho.
31 May
fxtime fxtime
OK so as expected SP did stall and has retraced slightly now. lets see where it closes as the the two SMA's are overall neutral now.


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