An updated daily chart on Nikkei. Highlight of its latest development: 1. Started the year rejected by 2013 year close 2. Dropped to previous quarter low (2013 last quarter) 3. Bounced in a bear flag / upchannel 4. 3 Pushes Up in place and broken to the down side today What is likely to happen? […]
Nikkei weekly chart below. Those who are familiar with market profile would notice at once we have 2 areas of concentrated volume: 1. 14000 to 15500 from years ago and then the past few months 2. 9000 to 11000 from end of year 2008 to right before the melt up actions The void between is […]
Very interesting night with Nikkei gapped up and zoomed higher to +120 points. Due to the fact that it is still an ongoing crisis with Syria I suspect such wild swings will continue for some time.
When S&P was breaking its previous day low and flushed below 1600. Nikkei had a major stop run that cleared its 12800 downside target I mentioned a few days ago. The break of 12800 unlocked a wave of selling that dropped 400 points quickly and bounced back up with ES. Right after this flush, a […]