Check yourself. Take current RSI levels for $NI225 and $TNX. Find best matches. I've picked out maybe the best two. Do you see what I see? Not Advice DYOR
Has the #nikkei 225 recent spectacular bullish run come to an end, or just taking a breather before moving higher again? Momentum currently bearish as approaching psychological 22000 number. Cur trading 22028
This analysis shows that several Elliott wave counts might be about to reach an end point soon (it's monthly based to this could take up to a year or two)
But if we compare this analysis to the one I made on SPX earlier something ticks me up. We seem to be far ahead on nikkei regarding the cycles development.
I'm wondering if the next crisis could come from Japan...
Time to pop. Which way? Who knows...
I am very cautious about this one. Probably, I will be sleeping when it does, due to my geographical location. But anyway, if you're like me, then you could place some orders.
In terms of direction, it's always good to catch the pop and especially if it's a long candle one way. But never throw out the possibility of a false...
A double bottom is a charting pattern used in technical analysis. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The double bottom looks like the letter "W". The twice-touched low is considered a support level.
Interesting outlook on the weekly JPY225 with USDJPY overlayed.
Price has diverged from USDJPY and is not falling off in parity. It is also not following last weeks SPX major sell off.
ALl this could be highlighting week Yen and strong dollar which would boost the japanese industry which is based off exports. With this in mind I am watching this chart...
The Nikkei 225, commonly referred to as "The Nikkei" is a Japanese stock market index based on the market capitalization of the top 225 companies traded on the Tokyo Stock Exchange (TSE). This is a price-weighted index based on the Yen, and the value has been calculated daily by the Nihon Keizai Shimbun (Nikkei) newspaper since the Index's inception in 1950. The Nikkei 225 index got its start on September 7, 1950 and was retroactively calculated back to May 16, 1949. Nikkei 225 Futures Contracts got their start on the Singapore Exchange (SGX) in 1986 and then began trading in the United States when they debuted on the Chicago Mercantile Exchange (CME) in 1990. The Nikkei is the most widely quoted index when referring to Japanese equities, followed by the Topix which seeks to track all 1,669 companies listed on the first section of the Tokyo Stock Exchange (TSE).
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NI225 (Derived Data)
