October 7 (Tue): [Bollinger Bands] Nikkei 225 VS NASDAQ

【This Week's Market Watch Points】

This week's market is in a long-term upward trend, with attention on the possibility of short-term corrective phases.

The Nikkei 225 gaps up and rises sharply, and from the monthly chart to the 4-hour chart all show upward waves, with no visible resistance band above, indicating a strong upward dominance. Meanwhile, a potential bearish divergence on the monthly and daily charts warrants caution for a potential reversal.

The NASDAQ remains in a rising trend on the monthly and weekly charts, but on the daily chart there is a possibility of developing into a closing state.

Looking at the four major US indices, the Russell 2000 remains in a trend-channel state, while the Dow Jones, NASDAQ, and S&P 500 have entered a slightly bullish wave, with a potential move from a closing state to a moving-average reversion.

The USD/JPY and Bitcoin are continuing to rise, and it is crucial which of them the Nikkei 225 correlates with.

For a detailed scenario analysis and the rising/falling probabilities by ticker, please check the paid section.

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● Use “Decoding the Bollinger Bands” to analyze daily charts

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