Japan's Nikkei 225 Buyers Drying Up

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.

Disclaimer: 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 ...

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