Today the 4th is a breakpoint.
If you were watching for an upside breakout, it turned into an unexpected downside breakout.
The low is at 37,719 yen, and it has fallen to 37,450 at 9:30. It is a closing price judgment, but if it ends with a downside breakout, there is a high possibility of further decline towards below 37,000.
大負けネコ : Good morning. Is it true that many experienced investment analysts and investment professionals are sounding the alarm and saying that after a major crash in the past, there will be a second drop within about 2-3 months, so we need to be careful about the market trends? Since I'm not good at technical analysis, I make decisions based on my own experience of past crashes. Last night, the US market declined across all three indexes, which led to a stronger yen and weaker dollar. The Nikkei average also fell, which was expected. However, the drop exceeded expectations by more than 1,400 yen. As a precaution, I started the morning with sell orders to raise funds, so I was able to sell more than half of my positions at higher prices than the morning's drop, so I can't say it was all bad. However, I think we should be wary of the fact that the manufacturing index in the US market is negative and there is concern about economic recession, which is affecting the overall sentiment of American investors. Since the announcement of the August employment statistics is scheduled for this weekend, if there are any indications from the Federal Reserve Board (FRB) about their interest rate reduction trend, such as a 0.25% or even a 0.50% drop in long-term interest rates, or other statements from members of the Federal Reserve Board suggesting monetary policy easing, I have some faint hopes. Your expert analysis on the future trends of the Nikkei average based on technical analysis provided each time is very informative. Thank you very much. I look forward to your continued support.