Nikkei ETF hasn't broke out yet!!!
An index ETF is supposed to track and mimic the price movement of the parent index.
In this case, i felt abit uncomfortable. Right after BOJ announced their QE move, at day close Nikkei 225 index shot up above the resistance as shown in the blue line chart.
However, Nikkei ETF seems to still stuck under the channel top!
In this case, i felt abit uncomfortable. Right after BOJ announced their QE move, at day close Nikkei 225 index shot up above the resistance as shown in the blue line chart.
However, Nikkei ETF seems to still stuck under the channel top!
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