The Nikkei 225 Index closed up 326.26 points, or 1.20%, at 27526.00 on November 7 (Monday). The Accounting Inspection Institute of Japan released the final accounts inspection report for 2021. During the three fiscal years, the total budget originally planned for epidemic situation was 94492 billion yen, and the actual expenditure was 76492.1 billion yen, with an implementation rate of 80.9%.
Nikkei index JPN225 - 4-hour K line chart shows:
The 4-hour chart shows that the bulls' momentum is strong and surging, and the market bulls' sentiment is shrouded. In the short term, there are signs of continued upward movement. The MACD index hovers on the top of the 0 axis, and the RSI index is in the 50 balanced online side;
Empty turning point: 27653
Pressing: 27747, 27809
Support: 27587, 27516
Trading strategy: bullish above 27653, target 27747, 27809
Alternative strategy: 27653 bearish, target 27587, 27516