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Nikkei 225 likely to test 39485.0000 in the near future. Where to next?

Nikkei 225 is heading towards 39485.0000 and could reach this point within the next 17 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

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We expect a $702611 movement on ES within 48 hours following the event release at 2024-11-12 00:30.

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