Market Analysis Columns

The Nikkei 225 added 1,654 yen to 63,339 on May 22 (+2.68%). 5/20 bearish belt hold, 5/21 bullish engulfing-like, and 5/22 large bullish complete a three outside up reversal continuation pattern. ATH 63,799 within striking range. Body 90% strong bullish, RSI 64.13 recovering.

The Nikkei 225 surged 1,879 yen to 61,684 on May 21 (+3.14%). A bullish belt hold with open 60,374 ≈ low 60,282 reverses the 5-day decline of -3,030 yen since 5/14. MACD histogram improving to -303, SMA25 deviation recovering to +2.31%, psychological 60,000 reclaimed.

The Nikkei 225 dropped 746 yen to 59,804 on May 20 (-1.23%) for a 5th consecutive decline. A bearish belt hold with open=high broke psychological 60,000 and SMA25, confirming yesterday's descending triangle downside breakout. SMA25 deviation flipped negative to -0.49%, MACD histogram -348.32 expanding.

The Nikkei 225 fell 265 yen to 60,550 on May 19 (-0.44%) for a 4th consecutive decline. Lows holding 60,256-60,937 since 5/15 with declining highs form a descending triangle. SMA5 break continues, MACD histogram expanding to -221.55, psychological 60,000 battle.

The Nikkei 225 dropped 593 yen to 60,815 on May 18 (-0.97%) for a 3rd consecutive decline. 5/14, 5/15, and 5/18 three consecutive bearish candles complete a three black crows pattern, signaling full corrective phase entry. MACD histogram first turn to negative at -100.41, SMA25 deviation contracted to +1.74%.

The Nikkei 225 plunged 1,244 yen to 61,409 on May 15 (-1.99%). 5/13 large bullish, 5/14 closing marubozu, and 5/15 large bearish complete a three inside down pattern, invalidating 5/13's bullish signal and accelerating the post-ATH reversal. RSI 59.10, SMA25 deviation contracted to +3.25%.

The Nikkei 225 plunged 618 yen to 62,654 on May 14 (-0.98%). After printing new ATH 63,799 intraday, a bearish closing marubozu (close=low, no lower shadow) formed, signaling new-high rejection. RSI 66.51, stochastic dead cross progressing.

The Nikkei 225 added 529 yen to 63,272 on May 13 (+0.84%) for a continued advance. 5/11 large bearish, 5/12 spinning top, and 5/13 midsize bullish complete a three inside up reversal continuation pattern, invalidating 5/11's bearish engulfing. RSI 70.59 hits overbought; 63,000 reclaim analyzed.

The Nikkei 225 added 324 yen to 62,742 on May 12 (+0.52%). A near-symmetric spinning top with 124-yen body, 476-yen upper shadow, and 460-yen lower shadow appeared, signaling indecision after 5/11's bearish engulfing. RSI 69.08, stochastic both lines near 88 — overheating continues.

The Nikkei 225 fell 295 yen to 62,417 on May 11 (-0.47%). After printing a new all-time high of 63,385 intraday, a bearish engulfing pattern completely covered 5/8's hanging man body, lighting up a topping-region reversal signal. RSI 68.15, SMA25 deviation +7.64% persist.