In today’s briefing:
- EQD | Nikkei 225 Flying High, Don’t Burn Your Wings….
- EQD | The Hang Seng Index’s Crucial Fork Is at the End of March
EQD | Nikkei 225 Flying High, Don’t Burn Your Wings….
- The Nikkei 225 INDEX has been rallying for >3 months, rising more than 28%. Is it too much, too fast?
- Short-Term, if we look at the Market Reversal Matrix’s SHORT WEEKLY model for the index, it looks like it could either reverse within a couple of weeks, or stall.
- Look for the ~41000 resistance area to place SHORT or hedge your LONG positions.
EQD | The Hang Seng Index’s Crucial Fork Is at the End of March
- The Hang Seng Index is at a turning point: investors want to know if the current rally can continue into April.
- Our MONTHLY seasonal matrix model indicates that to see the index rallying in April, usually we should have a negative close in March, so this week will be crucial.
- Buy between 16281 and 15924 to ride the continuation of the rally in April.
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