NKY Futures: Potential short term bounce to test 23.4

6 Mar 2018

I had previously posted my longer term short bias in the USDJPY and NKY but we all need to be aware price action is full of ebbs and flows; it is almost never a straight line up or down. The near term charts of the NY1 (240M) suggests the index is trying to stay north of a 19-month long uptrend with the potential for a CD leg to test 23.4k. Watch out for the double witching in OSE futures and options this Friday, should be interesting.