Just like SPX and DJI, Nikkei is likely to go up

With its new trend line I expect Nikkei go beyond the local maxima at 21147.3

But, I cannot give any targets as no one really knows how high this rally could go at this point.

As expectedly, this chart shows the correlation between US indices. So if US markets start to tank it will not be surprising to see that Nikkei tanking also.