Don't Ignore This Chart!

Nikkei Makes it 7 Straight

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With another down day on Thursday, the Nikkei 225 ($NIKK) has now declined seven days in a row. Even though it is getting short-term oversold, it looks like a medium-term downtrend is taking shape. The index could eventually retraced 50% of the March-June advance.

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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