July 14 (Mon): [Bollinger Bands] Nikkei 225 vs Russell 2000
This time
we compare the so-called “canary in the coal mine” preceding a bear market
「Russell2000」
with it.
【Overall Scenario Probability】
This week's overall market is…
“Increase: 45% ／ Decrease: 55%”
※ Pay close attention to the movement of Russell2000, which is a leading indicator.
※ Presented as a reference level.
【This Week's Market Focus Points】
This week, the movement of Russell2000 is likely to play a major key role as a leading indicator for the overall market. In the weekly chart, it has touched the【strong resistance band】in the +2σ zone, and a reversal to the downside from here could influence other indices as well.
On the other hand, the NY Dow, NASDAQ, and S&P 500 have been in a horizontal consolidation, a【time adjustment】, and if this prolongs, there remains room for another upward move to strengthen.
The Nikkei 225 is also staying within the blue Zone of【time adjustment】on the daily chart, and the crucial turning point is whether it will be supported by the upward-moving MA or develop into an【impasse】. Watch the inter-index correlations carefully.
➥The continuation is described in detail in the members-only report.
If you have not registered yet, please do so from here ↓
● Use “Encyclopedia of Bollinger Bands” to analyze daily charts
https://www.gogojungle.co.jp/finance/navi/series/1613?via=articles_detail_aside
● Use “The Prescriptions of Harmonics” to draw a “Zone where charts should stop”Zone!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside
（※The following is for members only.）
