It looks like the buying in Japan's Nikkei 225 (JP225) began drying up in December 2020.
It looks like the buying in Japan's Nikkei 225 (JP225) began drying up in December 2020, according to the Balance of Power indicator shown on the following monthly chart.
A drop and hold below 29,000 could see price drop rapidly to 24,000, or even 20,000.
Precisely what catalyst could cause such a sharp, swift selloff remains to be revealed.
All of my posts (and charts) contain solely my own technical analyses/opinions/observations (which may contain errors or omissions) of a variety of markets and are provided for your information or entertainment only...none of it may be construed as financial or trading advice. I trade my personal account only...I do not manage a fund for other people. Please do your own "due diligence" before engaging in any trading activity.
No part of my Blog may be reproduced or copied and presented as your own material.
It is the sole property of StrawberryBlondesMarketSummary.com. The sharing of my posts, is, however, permitted, as long as the appropriate credit is duly given, and as long as they remain unaltered/unedited. To share them, however, does not mean that I endorse you or the site at which you choose to share my information (although, no doubt, your intentions are honourable).
Comments
Log in or sign up to join the conversation.