Japan recently officially announced a recession and then the BoJ raised interest rates for the first time in 17 years.
Which, of course, means Nikkei makes a new high for the first time in 30 yrs.
Because nothing is ever allowed to make any sense.
But maybe this is a massive crab pattern...
Which would make this a massive high.
Could be a larger expression the same type of pattern have have in SPX.
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If this fails, then it may be time to seriously consider the mega bull forecast I put out previously. I went long this in 2022 but got out while we were close to the high.
If the bear patterns fail, the case for a brand spanking new trend leg in Japan equities is viable.
But huge risk area here.
Which, of course, means Nikkei makes a new high for the first time in 30 yrs.
Because nothing is ever allowed to make any sense.
But maybe this is a massive crab pattern...
Which would make this a massive high.
Could be a larger expression the same type of pattern have have in SPX.
-======
If this fails, then it may be time to seriously consider the mega bull forecast I put out previously. I went long this in 2022 but got out while we were close to the high.
If the bear patterns fail, the case for a brand spanking new trend leg in Japan equities is viable.
But huge risk area here.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.