S&P500 and NIKKEI225 Heading Lower
|Good day traders!
E-mini S&P500 is in a third leg of decline, which has room to drop towards 2556, where leg down from 2587 would be equal in distance compared to first leg from Nov 08 high.
S&P500, 30Min
We think that Nikkei225, which has been one of the leaders in uptrend, can now be the leader in downtrend, and is breaking sharply the channel of a fifth wave, so normally that means more weakness ahead.
Nikkei225, 4H
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