The Nikkei 225 Index (JPN225) is in critical point just on the top o KUMO, with long signals from MACD and RSI. The weekly chart of JPN225 is more positive because is over the KUMO and it tries to reach the Kijun Sen.
The JPN225 will force the bullish movement If it get over the KUMO the next days. Otherwise some more consolidations is in favor in the cloud. If it...
Nikkei 225 has already done its breakdown through 2nd Wolfe line (Q )
which was faster than USD/JPY.
Two parallel Wolfe lines has 2735.85 in width, therefore descending
target will be at 11514.15.
Nikita FX ( climbingfx.jugem.jp )
Japan offers a different bet, when compared to US, Europe and Australia. The Nikkei has been in good correlation with the US market, but when the US market reached previous highs, Japanese market only retested a broken support, current resistance (15000 area) . This shows that Japan has become weaker than the US. Look at the bottom indicator, correlation...
I am favouring a short position at around the 15270 level, which i would expect it reach by then end of the week or early next week. The index hasn't yet responded to the consumption tax increase and is still enjoying the favourable manufacturing data out of the US yesterday.
Friends,
Predictive analysis and forecasting defined three potential bearish targets, namely:
1 - TG-1 = 13755 - 21 MAR 2014, moderate probability
2 - TG-2 = 13412 - 21 MAR 2014, moderate probability
and
3 - TG-Lo = 12968 - 221 MAR 2014, low probability
This trader's directional bias is bearish, whereas the predictive analysis and forecasting system just...
It looks like it is the end of this wonderfull bull market in Japan, started by the Abenomics. The fundamentalist that I closely watch see's Japan as the weakest market in G7, so this confirmes my bearish technical bias.
Starting with the weekly, things are pretty simple. A nice class A bearish divergence has allready decreased the Nikkei a lot, but I believe...
goo.gl Why I believe Bloomberg, MarketWatch and others have it all wrong.
Nikkei 225 has not officially entered correction! Japan's index may simply be resuming its 20-year downtrend found at the monthly chart.
What do you think?
Base on my analysis about S&P500. If I bet on the bearish trend of S&P500, the result of Nikkei225 is act in the same way because Nikkei225 and S&P500 has a strong correlation.
Moreover, look at on the chart, there are lot of signals for sell of Nikkei225 now. all main indicators also show the same result: Strong divergence occurs.
Thus, I believe Nikkei225 will...
Price is oscillating within PRZ after bearish shark completion. RSI crossed 70 level from above and is heading down. I guess we can see some price downswing.
