Nikkei forecast for the week of August 17, 2015, Technical Analysis
The Nikkei went back and forth during the course of the previous week, essentially settling on a neutral candle. This makes sense though, because we are in the dead of summer and getting close to fall. We believe that when the liquidity coming back into the market should be reason enough for this market to go higher, but we look at the support that we have from the Bank of Japan analysis the biggest reason to assume this market is going to go higher over the longer term. With that, we have no interest in selling.