Stock Talk 30th – 225 Futures / Technical Points [Even though the daily/weekly short-to-medium term lines are below, assume the index decline anomaly will underperform]

Week of June 28, Outlook for the Tokyo stock market on the 30th, Outlook for the 225 futures, technical points

 
Comments on 225 futures for the week of the 28th and the 30th · Note 3 MA = moving average

The closing price during after-hours trading was 28,855 yen, and on a night-session close basis, it did not clearly surpass the 5-day and 25-day moving averages。

Although it rose compared with yesterday during the day, the sense of heaviness is still unchanged unlike the U.S. stock market, and the upside targets and resistance lines remain; the 75-day and 100-day moving averages are heavy and pressing down.

While there may be no risk of stock price declines at the end of the month, timing is unfortunate, as tonight the U.S. will release the ADP employment report and the Chicago PMI, which has strong leading signals from ISM, so volatility risk has not disappeared.

First, it is essential to clearly break through the 5-day and 25-day moving averages on a settlement basis in order to test a rebound.

If the low of 28,695 yen is broken, the lows of June 23 and 24 come into view, so if the market weakens more than expected, it would be prudent to be prepared for the possibility of the 28,500 yen range.

While hoping for a recovery to the 29,000 yen range, above all else, the key is whether we can firmly surpass the short-term and medium-term lines on the daily chart.

With the weekly moving average in a downtrend, I consider any signs that could overturn the negative trend to be more important than simply learning technicals.