vlad.adrian
Short

Nikkei - It is over for abenomics

FX:JPN225   Nikkei 225 index of Japanese listed shares
222 10 7
The bearishness of this chart is obvious. Class A bearish divergence, followed by a class B bearish divergence, with 2 false breakouts over 16000. Impulse is already red. I am short this market from these levels( a bit over extended on the daily) with a stop above the high. I expect at least 14000!

The top in 2007 was very similar to the current top
snapshot
It was a bearish candle but the week had not concluded when you did your chart!! It doesn't quite look like that anymore??
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jangseohee marc1610
Still a Marubozu Red but with a little shadow at the low end
very near to touching uptrend line extended from 2009 bottom
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Yes, it doesn't, but I still want to be short. The Nikkei jumped because of the US market, because what you have here is the CFD, not the actual Nikkei futures traded in Japan
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...Vlad - one question - #Kuroda knows about this?
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Everything that happens in the markets, be it currencies, stock markets, the people at the top know about it all the time. That is the reason why technicals precede fundamentals!
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jangseohee vlad.adrian
Yes, i totally agree with my new teacher Vlad, especially the Fed, the institutional fund, mutuals funds, these are the people who have enough POWER & Force to move the market, what we need to do is use technical analysis to tag along with them whenever possible, no?
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and Abenomics basically never recover since 1990
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wow, something new, what is Class A & B bearish divergence?
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Class A - price higher high, indicator lower high
Class B - price equal high, indicator lower high
Class C - price higher high, indicator equal high.

The opposite for bullish divergences
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jangseohee vlad.adrian
Taking notes now haha
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