The Nikkei Average ended lower for the second consecutive week, falling to ¥60,011.34 and breaking below the ¥65,000 milestone. The Nikkei’s movements indicate three bearish signals on the Ichimoku Cloud, while TOPIX is also signaling downside risk.
The Nikkei Stock Average fell for the second consecutive week, closing on the 11th at ¥60,011.34. As a result, it traded below the ¥65,000 milestone.
Three bearish signals have formed on the Ichimoku Cloud, creating a situation in which the major indicators are uniformly pointing to a bearish outlook.
TOPIX is likewise in a situation where downside risk is being flagged, raising concerns about broader market weakness.
The article reports facts concerning the Nikkei Average’s movements and the implications of the indicators, with further developments expected to be confirmed in subsequent updates.