Japan’s Nikkei Approaching Major Resistance Levels (by SB)

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The Weekly chart below shows that Japan's Nikkei E-mini
Futures Index
is just below major resistance levels. We may start to
see choppy (and potentially volatile) trading from today's (Wednesday's) high of 10390 up to
10900-11300ish until it either pulls back or continues upwards.

As you
can see, it's had great difficulty staying above the 10390 level since the index
began its rally after the lows of 2008/09. We'll see whether the government's
money-printing program continues to translate into a continued equity push up,
in spite of these technical limitations/constraints.

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