haug01
Short

The Nikkei 225 is hitting the long-term downtrend line.

FX:JPN225   Nikkei 225 index of Japanese listed shares
156 2 3
After an impressive 8.3% rally, the Nikkei 225             is hitting the daily long-term downtrend line.Watch price action here. Be ready to short JPN             225 and USDJPY             .

I have not opened any positions yet.
Comment: Updated the chart
Comment: Just before the Japanese market opened. I sold (shorted) 2 Nikkei 225 futures at $16540.
Comment: About 1 hour and 50 minutes after the Japanese market opened. I sold (shorted) 2 Nikkei 225 futures at $16645. Stop loss is now 16640. The JPN225 was around 16577 then. JPN225 has hit and been turned back down three times by heavy resistance at 16600 (near the downtrend line).
JPN225 tested support at16350 twice then broke down through that support on the third try,
Reply
I closed the 2 futures at 16355. Net profit was (16540 - 16355)/5 = +185 ticks. I expect JPN225 will fall much further but I need rest. Japan's debt to GDP is approaching 250%. The Asian stock market TV shows say a massive round of quantitative easing is due later this month possibly including helicopter money.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out