Ice_
Short

Nikkei 225: Bull-trap Executioner

FX:JPN225   Nikkei 225 Index
Although this rally is supported by a spike in volume (not the same as the S&P), I'd advice any long players to be aware. It could be a simple bull-trap moved by good numbers, forgetting all the other problems in the global economy, emergent markets, commodity markets, etc. Do not forget them. I am shorting it until it reaches 19600~, after that I'll stay out until it surpasses the 20000. My S/R's should provide a simple guideline to play the price action. I'll add momentum if the trend line breaks as well.
Trade closed manually: I'm probably reversing it if it breaks the resistance.
Hey, no need to short the nikkei; China is growing at 6.9%! Riiiiight?
+1 Reply
Ice_ asiansupermarket
It won't go down! I'm almost thinking we're on a bullish market after all.
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