Weekly Market Reivew N225

N225 closed at 15,457.87 on Friday, 25-Jul-2014, gained 242.16 (1.59%) over the last 4 trading days (N225 was closed on Monday).  NKVI moved down 0.6 (3.90%) ending the week at 14.78.

N225 still move in the range of 15,000 - 15,500.  It has been in this range for 5 weeks.  500 points range is a pretty tight range for N225.  We need it break away (up or down) this range to have a clearer idea where it is heading.

Looking at the bigger picture on daily chart, nothing much has changed.  While it is still in the tight range of 15,000 - 15,500, with very low, we get a higher low.  So, I am still bullish until the chart tells me otherwise.

On the Weekly chart, it is an inside bar.  It is telling the same message from the daily chart.  It is undecided (still inside bar).  It remains in the tight range of 15,000 - 15,000.  It has a higher low for every bar, for the last 5 bars.  We might just have to be patient and let the chart tells us where it is going.

NKVI stayed mostly flat, slight decline, throughout the 4 trading days.  This is in line with N225 not going anywhere too.  We just have to wait and see.

SPX closed at 1978.34, down 9.64 points on Friday.  N225 might follow with a down day, keeping it in the tight range of 15,000 - 15,500 when open on Monday.