At the beginning of a trading session US stock indexes were ranging between rising and falling. Investors do not know how to react, and they are waiting for the statement of the Federal Reserve System, which may introduce the new round of quantitative easing.
The decision of FRS was announced late in the evening. Ben Bernanke has announced the start of the third round of quantitative easing program. Mortgage bonds to the sum of 40 billion dollars is supposed to be bought on a monthly basis. The duration of the campaign will amount to several quarters. The interest rate will remain at the point of 0-0.25 percent by the middle of 2015, as promised by Bernanke. Economic development of the USA will be closely observed.
Such information gave immediate motivation for the growth of indexes. Standard & Poor's 500 has added 1.75 percent, having risen to 1461.67 points. Dow Jones Industrial Average index has increased by 1.66 percent – to 13554.34 points. Nasdaq Composite has increased to 3161.37 points, having added 1.51 percent.
The chart below reflects the current state of affairs with Standard & Poor's 500: the index is being traded above the level of resistance1439 for several days. In short term the prices are expected to again drop to wave "с". However, as an alternative, the level of resistance may be broken rapidly, and the fifth up-wave expended consequently.
