TOPIX Banks – Today on ATA Research Radar
ATA Following …
NIKKEI
16.08.2019 – NIKKEI – BOJ is NOT ENOUGH…
YEN
2.08.2019 – YEN – ESCAPE to JAPAN SAFE HAVEN…
JAPAN YIELD
6.07.2019 – JAPAN BOND YIELD – Enigmatic Letters from Debt Iwo Jima…
&
Euro Stoxx 50
16.08.2019 – Euro Stoxx 50 – Euro Risk 50/50…
STOXX Europe 600
16.08.2019 – STOXX Europe 600 – Status Quo Fight…
DAX
3.08.2019 – DAX – STRIKE under EQUTOUR 12.000
FTSE
10.08.2019 – FTSE – No HARD BREXIT Real Strikes…
CAC
14.08.2019 – CAC 40 – La Manche Drift…
FTSE MIB
15.08.2019 – FTSE MIB – Quo Vadis Rome…
IBEX
15.08.2019 – IBEX – Far Away from Tops of the Pyrenees…
SMI
15.08.2019 – SMI – SWISS BALANCING ON THE EDGE…
Japan TOPIX Banks PERSPECTIVE
Bank of Japan in Central Socialism Action
Top Shareholder of Japan Stocks in 2020
Top Shareholder in 23 Companies
vs
TOPIX Banks almost Back to Abyss Zone Key Low June 2012 96.10
Now 129.79
All Time Low June 2012 (96.10)
vs
All Time High December 1989 (1477.24)
First…
ATA Tweet…
Second… Japan TOPIX Banks Index Secular Situation
ATA MIND OVER MARKETS
Follow the Trendlines Not the Headlines
ATA MARKET MODEL :
First…Market Motive…
Second…Market Technical Pattern…
First…Main Motives
Global & CHINA – US – EU – UK & Japan
Slowdown & Recession Risk
TRUMP TRADE WAR – US Tariffs & China Tariffs
TRUMP CURRENCY WAR
&
BOJ – KURODA
vs
ECB – Lagarde vs FED – Powell Impulses
Second…Market Technical Patterns
Monthly View
Long Term dominating
Secular Bear Trend for 1989 year
with
Last Horizon Consolidation for 2016 year
&
after Activated Last
First…H&S Pattern
Second…Wave Down
Now dominating
Test June 2016 Low – Key Level
( Low 123.67 Close 129.26 )
Open Scenario W Pattern – Key Level 129
but if Break Down
Next Main Target
All Time Low June 2012 ( 96.10 )
Monthly MACD
Sell Signal vs above Trendline
ATA Investment Conclusion
Focus on
Present Main Key Level 129
with
MACD & FIB RET
&
10Y Japan Bond Yield
Research
Technical Pattern
for Now
Open Scenario W Pattern – Key Level 129
This TOPIX Banks Picture shows
how far Japan Banks are from
US WALL STREET & NASDAQ…
N – TIMES
Finally …
F/X Maxim
Chart is More Important than 1000 Words…
&
Most Important is Final Smart Money Reaction….
First…EOD-s
Second…EOW-s
Final…EOM – Now August
TOPIX Banks & 10Y Japan Bond Yield Monthly Charts :
16.08.2019 – EOW
I apologise, but you could not give little bit more information.
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because of BOJ NIRP Japan Banks have No Market Air to Activated Long Term Rising Wave…
but
Open Scenario W Pattern – Key Level 129 from August 17 2019
Now November 23 Activated still works & becomes
ATA Prefered Scenario
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