Japan is very important to monitor. The end of the story on the QE experiment may be that there is a point from which it does not work. The resistance at 17800 has held overall.
Right now it does not look good: it trades below monthly pivot and is breaking through support.
interesting.
Although I can see the US topping, I was wondering how this would fit with a Nikkei boosted by QE.
If it falls hard here, i may have my answer.
jangseohee
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in TV, i do not know what is the different between NKY vs JPN225
They looks like blood brother who wears one underpants to me haha
YaKa
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I agree with the fact that if the rally persists, May/july 2015 is a good target..
However falling after completion is kind of too widely expected so one my theories is that it may fail before.
There was an interesting article this morning explaining why ECB QE may be difficult to implement with Deposit rates at -20bp. It may not happen at all then...
jangseohee
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Analysis from New are just a mean to confuse traders.
But i am not surprise if Yellen came out with QE4 or something equivalent to push it higher
YaKa
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I would have thought: Not until there are great macro data and not in a context where we expect her to take rid of "an extended period of time".
More likely after a macro data disappointment accompanied by a price crash..
jangseohee
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the entire gap up and break out of LONG Term resistance seems like a fake out to me if price get suck back below ~15931