Monday, January 27, 2014

The Nikkei

I meant to post this chart. You know about the Nikkei 225 down 400 points / -2.60% as mentioned in the last post. It too looks like it will start to get a little footing under it soon, check out the 15 min 3C chart for the NKD.

From perfect downside confirmation to the same leading positive divegrence seen in other risk assets as per my last post.

I'm not saying the NKD isn't going to close ugly, I'm just saying it's likely to join the broad market after and start to look for a toe hold and some lateral/choppy trade the next couple of days.

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