Nikkei Getting Ready to Bounce off 19300

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.

ABOUT THE AUTHOR See More

Rowan Crosby

Asia-Pacific Analyst

Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.

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