Market Talk – May 15, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 29.67 points or 0.08% to 38,385.73 Shanghai decreased 25.87 points or -0.82% to 3,119.90 Hang [...]
We are pushing up against the next resistance level. We need to close above 19970 to imply we will break through the 20k level. It does not yet appear to be ready to burst through the 21K level. Nevertheless, the next main target is still in the 23k level. That is what we have to exceed to get the Phase Transition to 40k.