A Selling Opportunity on the Nikkei Index

The Nikkei index continues its corrective movement.

The movement thus far supports a further decline in the near and medium term.

Currently, if the sub-uptrend is broken, we may see the decline continue

to reach the specified targets at the 42,150 and 41,800 levels.

In general, as long as the downtrend of the corrective wave is not broken,

expectations still indicate a further continuation of the decline.

The current decline will fail if the downtrend is broken, and the index breaks,

and closes above it. At that point, we may see further gains

 for the index in the medium term.