JPN225: Move down the low position

Fundamental analysis:

The Nikkei 225 Index closed down 535.20 points, or 1.91%, at 27516.50 points on December 16 (Friday). Japan's government agreed on Friday to raise corporate, tobacco and disaster reconstruction income taxes by about 1 trillion yen in a bid to double military spending to 2 percent of GDP by 2027. In addition, Japan will also impose a 4% - 4.5% corporate surtax on small businesses, of which 5 million yen will be deducted, and a 1% surtax will be temporarily imposed on personal income.

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

Brief technical analysis:

Looking at the 4-hour chart: The short-term momentum continues the downward trend and continues to fluctuate downward. The short-term decline has not yet shown signs of final stop. The MACD indicator is in the short-term area and the RSI indicator is in the short-term area to maintain consolidation;

Long-short turning point: 27317

Suppression: 27412, 27507

Support: 27185, 27095

Trading strategy: bearish below 27317, target 27185, 27095

Alternative strategy: call above 27317, target 27412, 27507