It looks like Japan’s Nikkei e-mini Futures Index (NKD) may well be on its way down to its next confluence support level of 12600, as I discussed in my post of May 24th, and as shown on the Weekly chart below. There is the potential for a bearish 3 Black Crows candle pattern to form, depending on where this week’s candle closes. A close near its low this week, technically, portends further weakness.
A failure to hold that level, could send it down to 11500ish, or lower.
