NIKK update

NIKK: updated on 12/04/2018.

With this week’s move above the mid-November high, I am forced to adjust my count. Anticipate, monitor, adjust. IMHO, we now have minor-c of intermediate-b. The ideal target for this is the c=a relationship at 22,800. Hence, upside potential is minimal vs downside risk. Note how overbought the daily RSI5 has become. In a bear market that is not a good sign as selling will then soon take over.

NIKK DAILY