nikkei 225 daily outlook wed 11 nov watch 19480 support for a potential final push up 1749512015
(Click to enlarge chart) What happened yesterday The Japan 225 (proxy for the Nikkei 225) has managed to surge to a new high yesterday (printed […]
(Click to enlarge chart) What happened yesterday The Japan 225 (proxy for the Nikkei 225) has managed to surge to a new high yesterday (printed […]
The Japan 225 (proxy for the Nikkei 225) has managed to surge to a new high yesterday (printed a high of 19770 on 10 November 2015) despite overnight weakness seen in the U.S. and European stock markets.
Pivot (key support): 19480
Resistance: 20000/20050
Next support: 19150
As long as the 19480 daily (short-term) pivotal support holds, the Index is likely to shape a potential final push up to target the 20000/20050 resistance.
On the flipside, failure to hold above the 19480 pivotal support may invalidate the bullish tone to see the start of a multi-week pull-back scenario for a slide to test the next support at 19150 in first step.
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