NIKKEI 225 (NKY) Fares the Worst Out of 8 major Global Equity Indices, Down 1.33%; Price Base in Formation Over Past 30 Days

NIKKEI 225 Daily Price Recap

NIKKEI 225 came into today down 1.33% ($259.89) from the open of the day prior, marking the 2nd day in a row a decline has happened. Those trading within the 8 major global equity indices asset class should know that NIKKEI 225 was the worst performer in the class today. Here is a daily price chart of NIKKEI 225.

NIKKEI 225 Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that NIKKEI 225’s price has gone up 6 of the previous 10 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to NIKKEI 225:

  • From RANsquawk:

    Asia fails to sustain the momentum from US where markets were buoyed as liquidity conditions normalized from the Easter break and amid hopes of US re-opening soon. KOSPI remains closed and Nikkei 225 lags on currency pressure; ASX 200 (+0.2%), Nikkei 225 (-0.4%)

  • From BruniCharting:

    The Nikkei 225 and Five Year Treasury Note are the two most important charts on my screen for the foreseeable future.

  • From RANsquawk:

    Asia-Pac bourses are subdued by the headwinds from US where all major indices declined amid the ongoing oil rout, weak big bank earnings and poor data releases; ASX 200 (-1.9%), Nikkei 225 (-1.2%), KOSPI (-0.6%)