$N225 - Market Analysis for Jul 10th, 2018

The Nikkei is trading sharply lower again, bringing probabilities of the red count up a good amount. If price fails to reverse hard off the 21650 region, then we're likely going to see a new low on the month to fill out red wave v, with 21345 as a minimum target and could even reach as low as 20960. If price does hold and turns back up, yesterday's high will need to be exceeded to completely remove the red count from the chart.

$N225-NKI - Micro - Jul-10 1837 PM (1 hour)
$N225-NKI - Micro - Jul-10 1837 PM (1 hour)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.