In today’s briefing:
- Nikkei the First to Crack
Nikkei the First to Crack
- Japan has been a top long in Asia, the rising wedge had us reducing our long. Friday saw a pronounced RSI bear wedge break and price crack.
- Japan faces rotation pressure into core Asia and will shift Japan into the bear camp on a muted recovery attempt.
- Japan’s macro cycle remains trapped in a sideways range. Buy support near 26,000 and sell resistance near 29,000.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
