The American and European Central Banks are fully aware of the extra-heavy weights of this week and next week on an AEV basis in the global equities markets. They also recognize the importance of the underlying pivot potentials in the AEV these two weeks upon providing the market stimulus. Stimulus on underlying price vectors within the market could not be better timed. Even stimulus (encouragement) simply in the form of strong interventionist "talking points" issued by the key global Central Banks.
Tuesday's talking point 'save' by the FED and today's talking point stimulus by the ECB are providing the coordinated Central Bank support and lift in price levels so well-timed by recognition of active underlying price level echovector at work in the market.
A key pivot in the markets on an AEV basis is in the works, if the Central banks can maintain this effect through the significant downpressure AEV echovector period next week.
CB stimulus successfully cabling Price Support on the AEV this week and next within current CB targeted upper price level bands can have a strong effect on both the PCEV and the RCEV.
Effective Price Support stimulus this week sets up more positively oriented endogenous price echovector induced follow through by the markets for more positve market AEV echoprice action going forward, ceteris paribus.
This is a critical support juncture level, and day, for sucessful FED-ECB management of global equities price support, see DIA ETF Price equivalency basis and the WEV and AEV intersects.
This will relate to PCEV and RCCEV forward as well.
Potential Key Pivot in works on 2EV AND 3QEV basis at DIA ETF PEB 127.75 AT THIS TIMEPOINT.
See WEV and AEV perspectives.
DIA ETF 127.75 HOLDING:
CBM PSLM EFFECTIVE. Coordinated CB SPTTWM EFFECTIVE
From FED and ECB TPS and TPL interventions this week.
From the ECHOVECTORVEST MDPP Trademark Terminology Matrix
CB: Central Bank
CBM: Central Bank Management
PLM Price Level Management
PSLM Price Support Level Management
SPLM Support Price Level Management
KTSPLM Key Target Support Price Level Management
SPTTWM Support Price Target Time Weighted Management
FED Federal Reserve
ECB European Central Bank
TPE Talking Point Effect
TPL Talking Point Lift
TPS Talking Point Support
APE Action Point Effect
APL Action Point Lift
APS Action Point Support