Daily Forecast – 14 May 2013 Topix June contract Topix broke 1223 to hit our next target of 1235/37 perfectly as we topped out here. The outlook is still positive so above 1240 look for 1256. This is very strong longer term resistance & should present a big challenge to bulls, even in this steep bull trend. Exit longs & try shorts with stops above 1260. Support at 1216/15 then 1206/03 could be a good buying opportunity.
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Topix, FTSE China A50, Hang Seng, Hang Seng CE Index, USDJPY, Kospi, Nikkei 225