NIKK update

NIKK: updated on 10/15/2018.

Up until mid last week, the standard impulse pattern was still very much alive and kicking. But since markets are none-liner, borderline chaotic, that option was wiped of the table and we’re left with either a major-5 of Primary V top (see long term count below), or the NIKK has one more advance – minor-5 of intermediate-v of major-5 – left before it tops. I personally wouldn’t bet my house on that wave… A move below 21,500 will take this options off the table, while a move over 23,500 would be an encouraging sign that indeed wave-5 is underway.

NIKK DAILY

Note that for each day that passes the NIKK is thus also racing towards a very significant market top, just like the US markets.

NIKK monthly