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Saturday, 31 May 2014

Lyxor Japan (Topix) Fund ETF: 31 May 2014, Saturday, 3.08pm Singapore Time

Lyxor Japan (Topix) Fund ETF: 31 May 2014, Saturday, 3.08pm Singapore Time
Chart courtesy of Chartnexus.com

Japanese markets in final distribution (Transition to Bear Market) as highlighted above
Markets had been merely doing escape waves worldwide (refer all past analyses).
These escape waves were mostly merely to backtest supports-turned-resistances. Other markets, meanwhile, engage in distribution in a style such as the one above. This follows the same for stocks and equities worldwide.

Donovan Norfolk Technical Rating:
Bearish-biased at current high point 
(Nikkei is currently at 14632.38 points)

Sell/Short at the Zones above.
(Bearish also on all international stocks and equities)

Related:
http://donovan-ang.blogspot.sg/2014/04/usdjpy-daily-chart-8-april-2014-tuesday.html
http://donovan-ang.blogspot.sg/search/label/Nikkei

Note:
Lyxor is available in Singapore Stocks Maket as well as in international IGmarket.



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