Yesterday, Standard & Poor's 500 reached its 4-uear high after increasing by 2.03% up to 1432,09 points.
Dow Jones Industrial Average gained 1,86%, thereby reaching 13290,46 points.
Nasdaq Composite managed to strengthen by 2,17% up to 3135,46 points.
Mario Draghi’s speech after the ECB meeting was the key factor driving the markets yesterday. The ECB president said the central bank would start purchasing risky eurozone bonds in the short run.
The chart below, courtesy of , reflects the current state of affairs in the market of Standard & Poor's 500. For now, the price needs to consolidate above 1426 in order to resume the rally. The strategists expect the price to go for wave 4 of [iii], which will probably be followed by another upswing.
