The Long Investor
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TWEET: OBSERVATION - NIKKEI
🕑 Added 2025-05-01 11:14:28 +0000 UTCNIKKEI In a very similar situation to the US market right now.
Price has fallen twice to 30,265, on the 5th of August and the 7th of April.
A test of the 50 WMA looks set here next too at 38,000
The US and Japan both look set to test their 50 WMA at the same time
Both need to break above and hold above this Moving Average
As history has shown that if the price action falls to the 200 WMA, followed by a bounce to test and reject at the 50 WMA next, then a lower low will follow.
Comments
Willy G
Nikkei or Adeedas
Joseph Obertlik
They held rates steady even with rising inflation. Trying to prolong the carry trade unwind further.
