May 26 (Mon): [Bollinger Bands] Nikkei 225 vs. Russell 2000
This time
we will compare the so-called “canary in the coal mine” in a bear market
with the “Russell 2000”
.
【Overall Scenario Probability】
This week's overall market is…
“Up: 40% / Down: 60%”
* Presented as a reference level.
【This Week's Market Focus Points】
The focus this week is the battle with moving averages (MAs) in the Nikkei 225 and the Russell 2000. In particular, the Nikkei 225 closed under the downward weekly MA, so depending on future price movement, a shift toward a downwards【Expansion】is a possibility.
On the other hand, the Russell 2000 continues to be supported by an upward daily MA, so a continuing uptrend scenario remains strong.
Furthermore, since the four major U.S. indices exhibit a [Correlation]② pattern (all moving in tandem), it is important to monitor to gauge the market’s overall direction. This week is a turning point for whether declines lead or whether a rebound occurs at support. In particular, attention is drawn to GOLD’s inverse correlation movement.
➥The continuation is explained in detail in the members-only report.
If you are not yet registered, please click here ↓
● Use “A Deconstruction of Bollinger Bands” to analyze daily charts
https://www.gogojungle.co.jp/finance/navi/series/1613?via=articles_detail_aside
● Use “Harmony Prescription” to draw a ‘zone where charts should stop’Zone!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside
(Note: The following is limited to members.)