We think wave ((B)) completed & after further strength toward 10081,  we see another 3 wave drop toward 9600 in B as the next chance to get into long positions per the primary view.  Cycles are positive so we don’t like selling the Index in any proposed wave (( iv )) or B pull backs.

Nikkei future: Index is trading higher in wave (( v )) toward 16224 to complete wave (( A )). Index should soon make a corrective (( b )) wave pull back before reaching 16224. Wave (( b )) pull back should hold above the low of 15215. Cycles are positive so we don’t like selling […]

Expect a test of 9312 – 9384 to complete wave A of ( C ) after which Index should make a corrective B wave pullback and turn lower again. We don’t recommend buying into wave B as it should resolve into more downside.  

Recent push up has erased the divergence in RSI favouring the idea of a 7 swing move. Expect a corrective pull back followed by more strength toward 2.85 – 2.88% to complete wave ( X ) before 10 year note yields turn lower again into a double correction.

Another push higher to 14843 could be seen to complete an extended  (( v )) and A. After that Index should pull back  in 3 waves toward 14250 – 14300 area and resume the rally. We don’t like selling the Index and strategy remains to buy the dips in 3, 7 and 11 swings after […]

Another push higher to 14843 could be seen to complete Ending Diagonal wave (( v )) and A. After that Index should pull back  in 3 waves toward 14250 – 14300 area and resume the rally. We don’t like selling the Index and strategy remains to buy the dips in 3, 7 and 11 swings […]