Looks like we will channel down towards the 3200 area. Possible bounce around 3400 over the next 4-5 months. Elevator up, stairs down scenario as rates continue to rise and fighting inflation.
BoJ decision tonight. Expecting a big dump on UJ to the 123 area. Expect major volatility. Most likely up followed by a big drop.
Looking for TP of $27 as its still trading in an upward trending channel. Perfect bounce off support around $16.
BABA is holding this support line perfectly. Good entry here.