JPN225: Move down the high position

The Nikkei 225 Index closed up 82.96 points, or 0.27%, at 31316.50 points on May 30 (Tuesday). The Japanese government officially introduced export control measures for semiconductor manufacturing equipment on May 23. Wang Linjie, a spokesperson for the China Council for the Promotion of International Trade, said at a regular press conference that the above-mentioned measures are an abuse of export control measures and seriously deviate from international economic and trade rules. China Council for the Promotion of International Trade, China The International Chamber of Commerce strongly opposes this.

The Nikkei JPN225——4-hour K-line chart shows:

Looking at the 4-hour chart: the high-level short-term momentum maintains shocks and retreats, the market’s short-term sentiment is gradually emerging, and there are signs of continuing to move down in the short term. The MACD indicator is in the long-term area and moves down slowly, and the RSI indicator is hovering around the 50 balance line;

Resistance level: 31378 31519

Support level: 30974 30838

Trading strategy: bearish below 31227, target 30974 30838

Alternative strategy: call above 31227, target 31378 31519