NIKKEI 225: Support and resistance
Hello,
Red lines are all parallel lines, looking at the charts it's almost hit the support on parallel red line.
Panic has set in, it takes some assurance from Japan central bank to calm the selling.
If this continues, expect US FED to come out in an emergency meeting and start easing the policy.
We are still in the bull phase I think, until 2025 and 2026 based on BTC cycle and 2-10 yield curve.
Unemployment created panic, it is a lagging indicator, expect numbers to sky rocket in upcoming months.
Scare is real, but FED got all the tools to get out of this situation.
Hap
NI225 py investing.
Red lines are all parallel lines, looking at the charts it's almost hit the support on parallel red line.
Panic has set in, it takes some assurance from Japan central bank to calm the selling.
If this continues, expect US FED to come out in an emergency meeting and start easing the policy.
We are still in the bull phase I think, until 2025 and 2026 based on BTC cycle and 2-10 yield curve.
Unemployment created panic, it is a lagging indicator, expect numbers to sky rocket in upcoming months.
Scare is real, but FED got all the tools to get out of this situation.
Hap
NI225 py investing.
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