ECB Council Holds Back European Frontline First Half

This article does not indicate or recommend trading timing.

Please make your own investment decisions.

I have some free time, so this will be a brief second post for today.

The Nikkei average is set to complete the planned uplift in risk-reward ratio.

Regarding future developments, I have disposed of all positions without considering them for the time being.

I understand the softness, but I feel it wasn’t necessary to sell this much.

It looked like there was effective selling in a market that wasn’t moving.

This resistance could become a turning point on the weekly chart; whether it closes above or below tomorrow, Friday, is an important moment.

We are waiting for Lagarde’s remarks at the ECB meeting, but the dollar-yen is approaching a climax, so I want to watch it.

Having returned to the trend line after a long time, I can at least short around 107.7 as a stance to take.

The daily lows continue to be lower, so even if the low is raised tomorrow, it isn’t too late, but if it breaks, 107 yen could come into view; as a last buying opportunity, that level isn’t bad.

In hindsight, I remember looking at 107.8, but it was quite a while ago, and given the recent fluctuations, I was careless.

(Readers who remember might have picked it up...)

I want to take another look at the Dow-Nikkei spread after a long time.

Thinking back, I started picking up around 1100 and exited quite early.

Regarding that Dow-Nikkei spread, I want to plan a position strategy on the short side of the spread.

As things stand, I would like to set up near 5200 with the 5300 as a reference, aiming near the center line around 3000.

I want to monitor the movement of this stock.