Stock Talk Kabushiru Kubushiru May 23rd 225 Futures / Technical Points [Debt ceiling issue elsewhere remains solid, high-range vigilance acts as fertilizer for buying]

225 Futures / Technical Points · Investment Stance

Ultra-short-term • Short-term (futures) • This week's outlook is discussed from a mid-to-long-term perspective as well.
※ 225 futures · Technicals and Oscillators (1–3)

1　Short selling ratio 41.0% (19th 40.9%, 18th 39.8%, 17th 40.3%, 16th 39.6%, 15th 40.1%)

2　Advance/Decline Ratio (6-day average)126.53⇧ / Overbought Advance/Decline Ratio (25-day average)129.85⇩ / Overheat

Guidelines: Oversold (quiet) 70 or below; Neutral 70–120; Overbought 120 or above

3　RCI (9・14) 100⇧・91⇧BuySignal　MACD1090⇧/Signal794⇧ (Buy signal+296⇧)

One word: The overheatedness of technicals is a clue that invites buying demand; from here on, even the slightest news content will begin to carry weight.

Guideline 1: If RCI 9 exceeds 14, buy; MACD > Signal / Buy; MACD < Signal / Sell

Guideline 2: When the interpretations of RCI and MACD diverge, place emphasis on MACD. RCI reflects short-term factors.

Week of May 22, Week of May 23 (intraday trading) Nikkei 225 futures – key levels and technical points

Red text denotes resistance levels when testing highs (blue text denotes support levels when testing lows)

Today’s (intraday) expected trading range for futures values (to be continued below)