Nikkei 225 SELL Signal Triggered

 

Nikkei 225 SELL Signal is Triggered

nikkeiIt looks like the recent downtrend in the Japanese stock market is about to continue it’s descent this week.

A SELL Signal was triggered with the drop in price to the 17000 level.

Momentum has shifted back to it’s negative direction and indications are strong for a further descent this week.

This market will lead off the pack for Monday and isn’t the only Stock Index that’s giving signals to SELL on weakness.

As this is a daily chart giving these indications, we can expect the downtrend to last days and not hours as with intraday trends. – George