Nikkei 225's Potential Bearish Configuration - Is Worrisome

CME:NY1!   NIKKEI 225 Futures
This chart and my conclusion based on my analysis might be very perplexing to many Fundamental Analysts and to Japan's Prime Minster Abe             as net results of his 3 prong attack fails to produce desired results.

Many, bullish fund managers will be mystified as was the case in 1992 when the initial decline of all time high was only seen as just a setback and a buying opportunity.

I say it is worrisome as Nikkei Index has close correlation both positive and negative to many financial markets including many developed Equity Markets of Western World.

Whilst at present it seems now that nothing can go wrong from rising equities worldwide, Nikkei Index does not seem to support the view.

Watch the Youtube video entitled " Where To From Here - for the financial markets?" that goes into extensive explanation of my reasoning and discover wider implication. Video link : http://youtu.be/XFtnRCo9Ww0

It is long but sure you will find value in the material.
Do the BOJ "surprise" and the Nikkei piercing the trendline change your perspective?
An update would be nice here.
DanV IvanLabrie
Will do soon. Thanks
Maybe something like this confirms this even more
Yes, quite likey. Might not be perfect but still resemble bearish H&S Agrred.
2use DanV
The HS is loose, but there's a bearish flag there
I agree. overall last Friday's event appear to have changed the game, but not sure if this will be sustainable. For now will stick to the anticipated top, but will be ready to review if necessary. Thanks for your comments.
Thank you Dan. The video is an eye-opener.
+2 Reply
DanV Futuraman
You are welcomed and it is my pleasure.
+1 Reply
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