Nikkei 225 to hit 2021 highs?

With US equities rallying and even the mid cap index “finally” following the rest of the market highs, the Nikkei may be set to challenge the 2021 highs as well. We have the 30055 78% Fibonacci retracement to climb, but once past that the risk may be for another test of the 30839 highs from mid Sept. The RSI is pointing higher, we are back above the 200dma, and with recent JPY weakness a test of the highs does seem likely.

Blake Morrow