November 10 (Mon): 【Harmonic】 Nikkei 225 vs. Russell 2000

[This Week's Market Highlights]

There was an interesting development in this week's harmonic analysis.

The canary in the coal mine, Russell2000, on the [4-hour chart] now shows a new【Gartley】↑ drawn, and has already reached the First-Target-Zone. If it rises further to the Second-Target-Zone, the Nikkei 225 [4-hour chart]【Butterfly】↑ will try to add the【C】 again, and then reverse downward toward the【PRZ】. This suggests a temporary rise followed by a downturn.

US 10-year yield [Weekly chart] 【Crab】↓ still maintains a distorted wave, but since a decline from the PRZ is possible, harmonically the long-term bearish outlook remains. Correspondingly, the Nikkei 225 and the four major US indices are viewed with a bearish bias. Since Russell2000 tends to lead the moves of the four major US indices, future developments deserve close attention.

For detailed analysis, please check the paid section.

➥The continuation is described in detail in members-only reports.

If you are not yet registered, please join from here ↓ 

● Use “The Unveiling of the Bollinger Bands” to analyze daily charts

https://www.gogojungle.co.jp/finance/navi/series/1613?via=articles_detail_aside

● Use “Harmonic Prescriptions” to draw a “chart should stop at points”Zoneand see!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside

(※The following is for members only.)