JPN225: High falling
The Nikkei 225 Index closed down 160.11 points, or 0.57%, at 27,712.00 on November 9 (Wednesday). Japan's current account surplus in the first half of this fiscal year recorded the largest year-on-year decline since the global financial crisis in 2008.
Nikkei index JPN225 - 4-hour K line chart shows:
The 4-hour chart shows that the momentum of high short positions has fallen rapidly, and the short-term decline may continue. The market short positions are emerging constantly. The MACD index is at a high level and moves downward in shock, while the RSI index is at the lower side of the 50 equilibrium line;
Multi empty turning point: 27561
Pressing: 27651, 27730
Support: 27,442, 27,347
Trading strategy: 27561 bearish, target 27442, 27347
Alternative strategy: bullish above 27561, target 27651, 27730
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