Stock Talk: Week of the 2nd Day, 2nd Day / 225 Futures / Technical Points & Outlook [52-week MA at 27K; if selling leads, a path that意识 to the two-day new high anomaly]

Week of August 2, 2nd - Tokyo Stock Exchange Market Outlook, 225 Futures Outlook, Technical Points

Comments on 225 futures - 2nd week, 2nd day ※注3 MA stands for Moving Average

August market starts with a two-day week, an anomaly often used during volatile periods.

In August, the high for the 1570・Nikkei Leverage is passing (around the 16th). For buyers, it seems like price movement with heavy upside will continue, and it looks set to wait for a major trend change, a period of patience.

Under the situation where the 200-day moving average is expected to be tested for a return without the market noticing, from a technical point of view, breaking the daily chart and the Ichimoku Kinko Hyo standard line would be a signal of a market trend reversal.

Additionally, when testing higher levels, the monthly Ichimoku Kinko Hyo conversion line is a target, and before that, the weekly Ichimoku Kinko Hyo conversion line also stands in the way.

Unless we can break through the points that indicate a shift in mid- and long-term trends, it will be difficult to improve this downward trend.

Already below the daily 200-day MA, with the weekly 52-week MA also at around the 27,000 yen level; if it breaks below this, investor sentiment is likely to deteriorate further.

On the other hand, for sellers, the critical point is how to handle the daily and weekly Bollinger Band -3σ; if it falls below this, autonomous rebounds often occur.

Therefore, a possibility of further declines is quite realistic, but since the price may reach a rapid new low, it is important for sellers not to miss profit-taking opportunities.

Or, perhaps, stay firmly, and aim for the surprising 25,000 yen level.

Week of August 2, 2nd - Nikkei 225 futures milestones and technical points