Technician
Long

Nikkei: Watch-out We Might Rebound!

CME:NY1!   NIKKEI 225 FUTURES
516 3 7
My earlier forecast :Nikkei Futures: Failure to hold above the major resistance area around 15450 threatens for a new bearish wave, probably we may see the price head towards the bottom of the sideways range once more. Note the bearish divergence on MACD as well.

Update: The price reached below my first target for previous analysis(see related link below), but failed to maintain the downside on Friday, forming a major lower shadow which warns for a potential bullish rebound next week. Therefore, I am looking for a retest of the shaded resistance area .

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Technician
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Great call in the end!
+1 Reply
15500 short
+1 Reply
geesh - -3%...+3%.... what the hell is happening in that country
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