On the 16th, the Nikkei 225 rebounded for the first time in 4 trading days, closing ¥438.90 higher than the previous day and forming a bullish closing candle. However, the close fell below the 5-day moving average, while the 25-day line remained downward-sloping, leading to the view that the downtrend is still continuing.
On the 16th, the Nikkei 225 rebounded for the first time in 4 trading days. The index closed at its high, ¥438.90 above the previous day, with the candlestick ending bullish. The bullish closing marubozu suggested strengthening buying interest.
However, near-term indicators show that the close fell below the 5-day moving average, remaining below that level for the first time since 10 September. Although the 25-day line is positioned above, it too has continued to trend downward, and the broader downtrend is considered to be continuing.
This article provides daily updates on the Nikkei 225, with future developments to be covered as related news is updated.