NIKK – Tokyo Nikkei Average

Last updated July 22, 2019

And so the sloppy overlapping mess continues. I wish it was different and like the much cleaner BVSP, but so be it.As said on July 8: ” The SMAs are not yet confirming a new Bull as the 200d SMA is above the 50d SMA and both are declining. That’s a Bear market setup. ” Well, price dropped below the two, only to recover today above the 50d. But the setup (50<200 and both declining) remains in place. Thus still a bear market until all that changes. This b-wave bounce can become more complex, as b-waves are often very complex, tricky and hard to track and trade (its in this case a correction of a correction, and corrections alone are tuff enough already…) so a break and close back above the 200d SMA can target the alt: b level. Below Friday’s low and I’ll be looking for the red-arrow to complete (c=a)