The Nikkei 225 index closed down 24.34 points, or 0.09%, at 27626.50 on Monday, September 5. Japan's Markit service PMI recorded 49.5 in August, higher than the previous value of 49.2, but still in the contraction range; The market pricing and the Fed's terminal interest rate are high, and the Bank of Japan may not do anything.
Nikkei index jpn225 - 4-hour K-line chart shows:
According to the 4-hour chart, the market is shrouded in short-term market sentiment. After the low-level short-term shock, there is a trend of continued downward movement. The MACD indicator maintains consolidation and translation in the short area, and the RSI indicator hovers at the lower side of the 50 equilibrium line;
Long and short turning point: 27697
Pressing position: 27805, 27936
Support position: 27485, 27368
Trading strategy: 27697 bearish, target 27485, 27368
Alternative strategy: bullish above 27697, target 27805, 27936