Currently: Cash Looking to: Buy @ 24,041
As of 1/8/21 close: 28,138.96
LAST WEEK: We suggested shorting at 27,925 with stops on a close above 28,000 and with a covering target of 24,825. We suggested new longs at 24,125.
UPDATE: The Nikkei 225 Index remains very bullish -even eclipsing projected resistance at 28,000 last week. The Nikkei now looks like it will continue to work its way higher over time. The challenge here is finding good entry points for new longs. We would try buying into Nikkei 225 proxies when 24,041 is tested on the downside. The upside target will be 33,010.