Nikkei Forecast August 28, 2015, Technical Analysis

The Nikkei gapped higher at the open on Thursday, as we are starting to see a bit of stability in the stock markets around the world. With this, we can break above the top of the range for the Thursday session we would be buyers. We believe that the Bank of Japan will continue to support the Nikkei 225 in general, and of course if we can get more weakness in the Japanese yen that should of course support the stock market as well. We are buyers, and have no interest whatsoever in selling this market right now.