claydoctor

jpn225

Short
FX:JPN225   NIKKEI 225
4
channel rules the day until it breaks. Yellow box is decision time. Just something about this 185 level note the times it dealt with it. It we fail the retest, watch out below markets, Yen will strengthen, dollar fall, equities fall , maybe hard this time, shorts and bears finally rules the day or two. Possible "P" word (panic sell). But if we break back above and hold, the power of whoever is artificially supporting dollar strength and stocks (corp buy backs, etc.) will have its day. But IMO they simply cannot do that forever, earnings guidance matters. and it has been poor, and will be poor. They will need something else, and it wont take much more saber rattling in East Asia to rattle the markets good.
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