The ECB said that it would buy an extra 40 billion euros ($53.7 billion) of covered bonds from banks and would continue to provide unlimited three-month liquidity to the region’s banks at least until July next year.

Morning Everyone,

Markets rallied as The ECB said that it would buy an extra 40 billion euros ($53.7 billion) of covered bonds from banks and would continue to provide unlimited three-month liquidity to the region’s banks at least until July next year.


S&P closed at 1164.97.
Yesterday I have taken partial profit at 1139.61.
Total 11.43 points profit from this trade. Small profits.
Let's watch how much profits can my remaining trade makes.

There is a resistance shown on the chart. Watch out for the resistance.