Nikkei Forecast October 14, 2014, Technical Analysis
The Nikkei as you can see basically went back and forth during the session but essentially did nothing. With that, it appears of the market is still trying to catch its breath, and perhaps find some footing in this general vicinity. We believe that the ¥15,000 level of course will attract buyers just below, and as a result it’s only a matter of time before we bounce. In the meantime though, we are staying away from the Nikkei as it looks very stagnant at this point. If we can get above the ¥15,500 level, this market could go much higher.
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