The stock market rally again on Friday on dovish message from ECB and aggressive central banks buying.
Aggressive buying should continue for a while longer in order to paint positive sentiment but deflationary forces is starting to gain momentum, now negatively affecting emerging market as a result of sharp dollar rally.
On the short term timeframe, as long as NQ remains above its 20-dma on the daily chart, buy programs should continue to overwhelm selling, should continue to push the stock market upward.
