Index

Nikkei 225 may fall to 36700 - 37650

2024-05-31

Pivot

39450

Our preference

Short positions below 39450 with targets at 37650 & 36700 in extension.

Alternative scenario

Above 39450 look for further upside with 41100 & 42600 as targets.

Comment

The RSI is around its neutrality area at 50%

Supports and resistances

42600 **

41100 **

39450 ***

38487 Last

37650 ***

36700 ***

35700 **

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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