Nikkei 225 Fails to Breach the Zone of Resistance

Nikkei Tactical Rally but Still on Our MT Short List

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Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

<ul>
<li>Japan's Nikkei pushed above out 27k pivot and is now tactical buy support with 28,200-400 the fresh sell zone. Impulsive squeeze needs the dust to settle.</li>
<li>Fresh sell/short resistance lies at 28,200/500 where price, trendline and the 50 dma coincide. Expect a dip and rally sequence in order to build a secondary top.</li>
<li>The impulsive rise from 25k to current levels was stronger than we expected and got this rally extension wrong.</li>
</ul>


Japan's Nikkei pushed above out 27k pivot and is now tactical buy support with 28,200-400 the fresh sell zone. Impulsive squeeze needs the dust to settle.
Fresh sell/short resistance lies at 28,200/500 where price, trendline and the 50 dma coincide. Expect a dip and rally sequence in order to build a secondary top.
The impulsive rise from 25k to current levels was stronger than we expected and got this rally extension wrong.


Nikkei 27k Pivot Hangs in the Balance - Fresh Buy/Sell Levels