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Feb 25, 2017 5:11 PM

Nikkei - Monday's open is critical 

Nikkei 225 IndexTVC

Description

The bullish momentum appears to have run out of steam near as weekly candles have repeatedly failed near 19,600 levels since late December.
We also have a bearish 5-DMA and 10-DMA cross over on the weekly
The MACD has turned bearish as well.

Hence, Monday's open below 5-MA level would open doors for a test of the rising trend line support around 18,600.

On the higher side, only a daily close above 19,600 would signal continuation of the rally.
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