In last week review, I thought, with the SPX loss of 17.39 points, N225 might test the 13750 low in October 2013 on Monday. It didn't get close to it. The low was 13885.22. So, N225 is now back to the middle of 14000-15320 range.
However, if you look at the 3 months chart, N225 has lower high in early April and reach a lower low on this Monday. If it reach another lower high, breaking 13750 or/and 13180 is very possible.
NKVI at 22.50 is almost at the lowest range of 20-30 for the past 3 months, with only 6 days in January were below 22.50. Not a good time to sell options.
SPX close on Friday, 18-Apr-2014 due to Good Friday holiday. N225 will be on its own on Monday, not taking any clue from SPX.
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