FxWirePro Call Review: Nikkei short-term target extended to 17800; maintain short positions

In early December, we have called on our readers to go short on Nikkei at the then current rate of 21700 (JPN225 - CFD of Nikkei225) and at each rally of 100 points with a stop loss around 22800 area and a target around 18200 area, https://www.econotimes.com/FxWirePro-short-term-call-Sell-Nikkei225-targeting-18200-1471747

Since the call, the selloffs have further intensified as the geopolitical tensions between the United States, and many countries in the rest of the world over changed policies of the Trump administration has created a sense uncertainty among investors, while the volatility has been moving higher thanks to central banks’ winding up of the easing policies that began in the aftermath of the 2008/09 ‘Great Recession’.

We continue to believe that these uncertainties would continue to weigh on not just Nikkei225/JPN225 but on stocks around the world. In this review, we are extending our final short-term target from 18200 area to 17800 area. We expect the index to reach the targets by the first quarter of 2019.