The Japanese Nikkei has followed the “MM Roadmap” through 2024, which makes it worth watching carefully as it is highly correlated to other global indices, including the ASX. For example, the Nikkei endured a 10.6% correction in April when the ASX200 fell 5.3%. If the Nikkei continues to follow our path, it’s a good sign in the short term, but caution is warranted into strength.
- We expect the Nikkei to reach new highs of ~43,000, or over 10% higher.
MM is cautiously bullish towards the Nikkei short-term
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