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

SP500

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

Nikkei

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.

 


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