Nikkei: high retreat

The Nikkei 225 index closed down 277.97 points, or 1.03%, at 26771.50 points on Wednesday, June 29. Government official: Japan's consumer confidence index recorded 32.1 in June, the lowest since January 2021.

According to the 4-hour chart, the upper middle rail section of the Bollinger belt index channel continued to fluctuate and rise. During this period, the bull power continued to spy on the nodes of the upper middle rail section for many times, and the high level retreated to the middle lower rail section for consolidation and translation. The Bollinger belt index was in the closing trend. The MACD index was in the bull area and maintained a slow downward consolidation, and the RSI index was in a weak position near the 50 equilibrium line;

Multi empty turning point: 26840

Pressing position: 27036, 27196

Support position: 26567, 26422

Trading strategy: bearish below 26840, target 26567, 26422

Alternative strategy: bullish above 26840, target 27036, 27196