ICHIMOKU WEATHER REPORT: Forecast of Nikkei 225
Updated
I am forecasting the probable direction in price of Nikkei 225 using the Ichimoku Kinko Hyo Indicator. GLOBALPRIME:JPN225
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I am still short Nikkei 225 for the same reasons I forecast last week. Last week saw a spike in price as a result of FED announcement. This Index tends to mirror the movement of Dow 30, S&P 500 and NASDAQ which all spiked upward in price after the FED announcement. I believe that during the Asian Session Monday, price will not move significantly upward/downward until after New York open Tuesday; ( Martin Luther King Holiday is Monday U.S. markets will be closed.)
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