Japanese Stock Market Anomalies have been confirmed. What's next?

03 August 2022 450
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Two anomalies of the Japanese stock market - the Half-of-the-month effect and the Turn-of-the-month effect - were confirmed in July. And they were confirmed by the growth of the Nikkei 225 for the final 2 weeks of the month by 3.4% and by 1% from the open of trading on July 27 to their close on August 2.

What now?

Apparently, without reaching the resistance of 28300, which is also the upper limit of the interval 25700 - 28300, the index headed down to the level of 27000.

The confirmed divergence of the price and the RSI also indicates a change of direction.

This content is for informational purposes only and is not intended to be investing advice.

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