Nevertheless, in my opinion, we will see one more leg down, which can long several months from now, and after that a run to these maximums will continue.
I´m ready to short 17,500 zone, targeting 12,000 on a mid-long term, SL: 18,100
I believe Nikkei can be shorted soon because it correlates with the USDJPY pair. USDJPY dropped 22% from last year´s top, Nikkei lost 24%. I think USDJPY may visit 109 area as much and then go down to the 90-lows. And with strengthening Yen, Nikkei will start loosing fuel