Nikkei Getting Ready to Bounce off 19300
Rowan Crosby • 1 min read
Yesterday I spoke about how important I feel 19300 is for Nikkei traders. We are at the 200 SMA on the daily chart and should we fall below that level things are going to get bearsih. We've already had a few tests and bounces off that number yesterday and overnight.
I'm tempted to see if we can get yet another test and a bounce. The Nikkei opened strong and then retraced.