Nikkei 225

The Nikkei was the first Asian index yesterday to break out to new highs driving the sentiment in the region. The top end of the channel is at 31545 as the next objective or resistance. This is wave 3 in progress that has to complete 5 waves from the low of Oct before we say it's complete and we are only in 3 of 3 as of now and that too has broken down into waves i and ii.