Nikkei swing short: 13th October

Oct 13, 2021

Nikkei may be our canary. Having already rejected the 161 level (See others linked). This already looks really bad for the Japan index - but if we get under the 127 fib this is much more likely to be a market we see bears run wild. The 127 level break would typically have to be a big strong break - rarely do these happen without some fundamental trigger.