The Nikkei Declines Further As Expected
This may only be the opening theme for the week, with more decline to follow in it’s wake.
Momentum had already shifted to the downside and, today’s actual declines in price action will only further solidify that downward momentum.
Other stock market indexes are also showing the same weaknesses and their interconnected financial threads will tug on all when just one of the large indexes start to pick up speed in decline.
As mentioned in our earlier post, as this is a Daily Sell signal, it’s effects will take days to develop instead of hours. – George