🇯🇵 JAPAN • Market Update & Results & Revisions 10/​​​​​​​​​​​​​​​​​​​​​30

Nikkei 225 Index Rebalance - Nexon Replaces FamilyMart

Gravity Works As WeWork Doesn't; Now Plan B

🇯🇵 Japan in the Suga Era - Policy Priorities & 'Suga Stocks'

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

<a href="https://www.smartkarma.com/entities/nikkei-225" target="_blank" data-smartkarma-citation="entities:22909:1" rel="noopener">Nikkei 225 (NKY INDEX)</a> has shown resilience versus US and regional sell pressure but this may be coming to an end as hiding places come under fire. A bearish rising wedge is maturing into the next push toward the 24k macro triple top (daily and weekly chart tops). There is very little upside outside the tactical bounce bet from 23,000 to re test 23,600 (which has capped numerous rally attempts).Price rising wedge is the dominant pattern to trade and where we have been buying lower support and selling topside resistance as the rising range contracts into an axis point of inflection (to fade the top of the range with increasing odds of breaking wedge support) on the back of maturing bear divergence.23,600-800 sell zone with ideal triple top at 24k and a downside target of 21k.

Nikkei 225 (NKY INDEX) has shown resilience versus US and regional sell pressure but this may be coming to an end as hiding places come under fire. A bearish rising wedge is maturing into the next push toward the 24k macro triple top (daily and weekly chart tops). There is very little upside outside the tactical bounce bet from 23,000 to re test 23,600 (which has capped numerous rally attempts).Price rising wedge is the dominant pattern to trade and where we have been buying lower support and selling topside resistance as the rising range contracts into an axis point of inflection (to fade the top of the range with increasing odds of breaking wedge support) on the back of maturing bear divergence.23,600-800 sell zone with ideal triple top at 24k and a downside target of 21k.

Nikkei 225

Nikkei Rising Wedge Trade but over Owned