Nikkei near term update: JPN225 small dip then more upside?

31 oct. 2018

Quick update on Nikkei bounce.
Expecting a wave 4 dip to continue before a final leg up.
After the 5 waves are complete, we should see a larger correction.
Lets see how it plays out.

Above is an update to my last plan for market recovery (at least temporary)

1 nov. 2018

Note

So here we are, at the short term bounce zone I am hoping, lets see

2 nov. 2018

Note

Hmm, almost at target but the path there has been quite different than I had expected

2 nov. 2018

Note

It is a bit concerning that wave 4 reached a little below wave 1 The breach was minor, but a breach nonetheless. Idea bounce would have been in a zone above the wave 1 as I originally drew. So that leaves us with this recent spike and what it might lead to. If it gets mostly retraced, then we may have topped for now.

2 nov. 2018

Note

For this spike, the 4.236 extension will be the important line to watch

2 nov. 2018

Note

Trump news just came out, looks to be reducing trade war rhetoric against China, so all stock markets are getting a boost, and the Nikkei went right past resistance. I expect it will go quite a bit higher unless the news is downplayed by Trump later.