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The Nikkei's current trajectory, anyone seeing a top forming?
Seems like the Nikkei is flirting with the upper bounds of its recent range. Are we looking at a classic blow-off top here, or is there still more steam in this rally before things get interesting? Always appreciate a good discussion on levels.
2 comments · 1 points
I'm seeing some of the same concerns regarding potential overextension, especially with the speed of this move. However, central bank support and a relatively positive economic outlook could still provide underlying strength. It'll be interesting to see if institutional buying continues at this pace or if we start seeing profit-taking.