October 21 (Tue): [Bollinger Bands] Nikkei 225 vs. NASDAQ

【This Week's Market Focus Points】

This week's market continues to show a bullish trend.

NASDAQ is in a 【Squeeze】 on the weekly and daily charts, but the MA upward bias remains, making it highly likely to develop into another rising wave. To turn downward, it would require a stepwise drop through the closing prices 21 bars back from the 4-hour to the monthly charts, developing into a 【Downward Expansion】, which is currently a high hurdle.

Nikkei 225's 4-hour chart is in a 【Squeeze】, and with the MA upward bias, it is more likely to advance into an【Expansion】.

The four major U.S. indices have risen from their lower shadows, but because of the 【Squeeze】, upside room is considered to be up to +2σ. It is interesting whether Nikkei 225 will reverse and fall when the U.S. major indices reach +2σ during the expansion.

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