🇯🇵 JAPAN MARKET UPDATE 18th May - "Worsening"

Nikkei225 Dividend Futures: The Easy Gains Have Been Made

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🇯🇵 JAPAN • Results & Revisions 19th May - SEI, Kotobuki Spirits, Autobacs Seven

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

<a href="https://www.smartkarma.com/entities/nikkei-225" target="_blank" rel="noopener" data-smartkarma-citation="entities:22909:1">Nikkei 225 (NKY INDEX)</a> is forming a rising wedge that is maturing into the 20,800-900 top zone as the perform cycle begins to close.Rising wedge patterns form when upside momentum and volume deteriorate and the majority of investors are holding long positioning and new buyers are lacking.  Overlapping rises also show distribution. An inflection apex is in the cards.Japan has been a market that we have traded dips higher from 19,000.Rising wedge maturing and shows a better than 70% probability of breaking lower to test the 19,000 pivot support (to break). We favor trading a dip and rally into the top of the wedge with a growing conviction to short the topside of this rising range (near 20,900 with time translation).

Nikkei 225 (NKY INDEX) is forming a rising wedge that is maturing into the 20,800-900 top zone as the perform cycle begins to close.Rising wedge patterns form when upside momentum and volume deteriorate and the majority of investors are holding long positioning and new buyers are lacking.  Overlapping rises also show distribution. An inflection apex is in the cards.Japan has been a market that we have traded dips higher from 19,000.Rising wedge maturing and shows a better than 70% probability of breaking lower to test the 19,000 pivot support (to break). We favor trading a dip and rally into the top of the wedge with a growing conviction to short the topside of this rising range (near 20,900 with time translation).

Nikkei Rising Wedge Maturing into Sell Zone