ALERT! - Nikkei 225 Update - February 4, 2018

publication date: Feb 4, 2018

Cerundolo Investment Research    

CIR ALERT!  

Volume 2, Issue 3
February 4, 2018

Download PDF Version here


Nikkei in a risky zone for a pullback.

Items of Interest:

In last weeks Technical Tuesday, we mentioned that the Nikkei "is in a zone to expect a pullback". The index has started to pullback from its target area and we now have the weekly MACD momentum indicator crossing down. We expect some near-term weakening into a confluence of support in the 21000 area. Please see the attached chart for details.

Nikkei in a pullback mode.

 

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