The NKD (futures) is a lot like the Dow in terms of size (points and percentage moves).
Earlier I mentioned that the Nikkei had the same signals as the broad market and if the market is going to see an even more significant bounce than today's which I feel more confident about than ever, the Nikkei is going to move up as well.
intraday 1 min chart..
This 5 min is where things get neutral.
After that, the 15 min is leading positive in a huge way and very quickly.
As is the 30 min chart
Even the 60 min chart is strongly leading suggesting a huge move. This is the same concept as the market averages as well as VXX.
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