Japan Kicks Off a Fresh Impulse Higher
Japan should have seen a bigger decline, but it did not when US equities were in a bear market. Now the entire structure last year is a triangle in wave Z. Wave Z marks the end of a complex correction/consolidation in the index. Today prices broke out of the triangle on the upside, pushing the daily RMI [Rohit Momentum Indicator] into buy mode. This should mark the start of a fresh rally in wave iii where iii=i is near 29302.