The Nikkei 225 Index (NI225) has been on a massive bull-run since 2008. Total growth goes beyond 470% from bottom to peak.
âž– The bottom hit late October 2008. âž– The All-Time High (41,087.75) hit March 2024.
As the NI225 hits a new All-Time High many bearish signals started to develop.
To start, we have multiple weeks of bearish action. The classic rounded top is already in.
âž– Other indexes such as the DJI, SPX & safe-haven assets such as Bitcoin are already on the retrace, coming off new All-Time Highs and multiple years of growth.
I see a drop happening based on the current chart. 👉 Main target sits at ~25,000.
First stop = 33,000.
Second stop = 28,000.
Third stop = 25,000.
It can go lower, depending on how things develop, and hit 20,000 which is a major support range.
This is not financial advice. Remember to do your own research.