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Nikkei/USD Futures
Updated

Where my 40k NKD target came from & why it could go higher later

146
I've been giving warnings ever since the c0v1d black swan, and especially since the 25k re-test, that Nikkei will grow wings but here's a seeing-is-believing look at where my 40k target comes from

For sure it could go higher later and break this key resistance but I would expect at least one more re-test of the navy blue channel beforehand

In theory there's no reason why a solid year can't be spent consolidating under that resistance a la 2006

Some very notable calls in recent years:

  • NIKKEI and DJI both to 40k (over 1y in advance)
  • BTC pico bottom at 15k and recent local top at 70k
  • EURUSD pico bottom & DXY pico top at 115
  • USOIL pico bottom at 68
  • SMCI mega breakout at 100
  • NVDA mega support at 120
  • TSLA pico bottom at 105
  • NFLX pico bottom at 165
Note
snapshot
Note
snapshot
markusrafferty
Also on:
Beyond Technical AnalysisIndicesinflationjapanJapan 225purchasingpowerSupport and ResistanceTrend Lines

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Beyond Technical AnalysisIndicesinflationjapanJapan 225purchasingpowerSupport and ResistanceTrend Lines
markusrafferty
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.