Where my 40k NKD target came from & why it could go higher later

CME_DL:NKD1!   Nikkei/USD Futures
I've been giving warnings ever since the c0v1d black swan, and especially since the 25k re-test, that Nikkei will grow wings but here's a seeing-is-believing look at where my 40k target comes from

For sure it could go higher later and break this key resistance but I would expect at least one more re-test of the navy blue channel beforehand

In theory there's no reason why a solid year can't be spent consolidating under that resistance a la 2006

Some very notable calls in recent years:



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