October 27 (Mon): 【Bollinger Bands】 Nikkei 225 VS Russell 2000
This time
we compare the market leading indicator known as the “Canary in the Coal Mine” in a bear market
“Russell2000”
with the comparison above.
【Overall Scenario Probability】
This week's overall market is…
“Up: 60% / Down: 40%”
* Russell2000 and Nikkei 225 show an uptrend, but there are signs of reversal in the US 10-year Treasury yield and GOLD.
* Presented as a reference level.
【This Week’s Market Focus Points】
This week’s market remains biased toward gains, but may reach an important turning point.
The Canary in the Coal Mine, the Russell2000, continues an rising Bollinger Band pattern, but on the 4-hour chart there are two long upper wicks and bearish candles appearing, suggesting a slight fading of the upward move. However, supported by an upward-sloping MA, even with some adjustments, the scenario where prices rise is favored.
Nikkei 225’s 4-hour chart is transitioning from a squeeze to moving from -2σ to +2σ, and with a somewhat open gap at +2σ, there is a high likelihood of evolving into an upward expansion.
The four major U.S. indices remain in an upward trend channel, but the US 10-year yield is approaching a downward-moving average, and GOLD is showing signs of a reversal upward with an upward MA, so these movements deserve attention.
For a detailed analysis, please check the paid section.
➥The continuation is explained in detail in the members-only report.
If you have not registered yet, please join from here ↓
● Use “The Deconstruction of the Bollinger Bands” to analyze daily charts
https://www.gogojungle.co.jp/finance/navi/series/1613?via=articles_detail_aside
● Use “The Prescription of Harmonics” to draw the Zone where the chart should stopZoneand try it!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside
（※The following is limited to members.)
