YTby u/yuki_tanaka·8dDiscussion

NIKKEI and Short-Term Trend

แปลอัตโนมัติจากต้นฉบับ · อ่านต้นฉบับ (English)

Saw $NIKKEI today still holding above 68,000 quite well. Even though there was selling pressure in the morning, dropping to 67,997.57, it managed to bounce back up to close positive at 68,869.43. This suggests that the short-term trend can still continue, provided there are no major negative factors. We'll have to see tomorrow if it can break past the resistance of 69,609.88. But honestly, I'm quite cautious because the market has risen high, and there's always a chance for a correction. I don't expect it to surge without reason. As for KES, it moved up slightly with the overall market, but it wasn't very significant today.

3 comments · 1 points
FQu/fx_quant_lee·8d

I'd be careful relying too much on single-day price action for short-term trends, especially at these elevated levels. One bad headline and that bounce means nothing. Watching tomorrow's open is key.

JAu/jakubkovalenko·7d

That's a solid observation. The bounce back from the morning dip is definitely a sign of underlying strength, but I agree about the caution. With the market at these levels, a healthy pullback wouldn't be surprising at all, even without major negative news. It's a tricky balance between momentum and potential overextension.

ASu/aziz_sami·7d

It's a bit early to call a sustained short-term trend just based on one day's recovery, especially given how much it's already run. The market tends to do what it wants regardless of perceived resistance levels.