The Nikkei is currently in a 10 week decline and hasn't reached its target.
Today we observed a sharp retracement thanks to crude oil's short covering spree, and a very dovish Mario Draghi, sending ripples through the global markets.
I expect the move to the downside to continue, after the Vix fell for more than 7 points.
There are levels of support to be tested below, so I'd aim for the lowest one ideally, and remain short, or add to shorts here (or open new shorts if not in this trend).
For more information on setups, analysis and matters relative to the services I offer, contact me privately.
Cheers,
Ivan Labrie.
Today we observed a sharp retracement thanks to crude oil's short covering spree, and a very dovish Mario Draghi, sending ripples through the global markets.
I expect the move to the downside to continue, after the Vix fell for more than 7 points.
There are levels of support to be tested below, so I'd aim for the lowest one ideally, and remain short, or add to shorts here (or open new shorts if not in this trend).
For more information on setups, analysis and matters relative to the services I offer, contact me privately.
Cheers,
Ivan Labrie.
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Both targets hit, the last bullish entrenchments are the vix support levels below, in purple..
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Great reaction to the Vix support, expecting a rally.
I'll update this publication.