IvanLabrie
Short

Nikkei: Low risk short setup

FX:JPN225   Nikkei 225 Index
The Nikkei is currently in a 10 week decline and hasn't reached its target.
Today we observed a sharp retracement thanks to crude oil's short covering spree, and a very dovish Mario Draghi, sending ripples through the global markets.

I expect the move to the downside to continue, after the Vix fell for more than 7 points.
There are levels of support to be tested below, so I'd aim for the lowest one ideally, and remain short, or add to shorts here (or open new shorts if not in this trend).

For more information on setups, analysis and matters relative to the services I offer, contact me privately.
Cheers,

Ivan Labrie.
Feb 05
Comment: When the market crossed the vix spike retracement resistance it went straight for the next level...you can't deny the precision and relevance of these levels Tim West has discovered.
I'll update this publication.
Feb 05
Comment:
Feb 10
Comment: Both targets hit, the last bullish entrenchments are the vix support levels below, in purple..
Feb 11
Comment: Great reaction to the Vix support, expecting a rally.
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