A slow down: after seven days of going up, the Nikkei was flat today and closed at 28,500.

A quick look at today: after ending today at 28,500, the Nikkei traded in a 28,400 – 28,600 range before settling at 28,500.

Technical analysis of the Nikkei's past price action reveals multiple support and resistance levels: Nikkei is approaching key support, around 171.87 points away from 28,343. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls. Trend analysis indicates that investors are seeking long positions as the Nikkei price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Asset volatility analysis shows that the Nikkei's upper Bollinger Band® is at 28,748, suggesting that a downward move may follow.

Notwithstanding the Nikkei's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

While the Nikkei was pretty flat today, mixed performances were seen elsewhere as notably, Hang Seng rose 1.71% today and closed at 20,439. FTSE added 0.51% and closed around 7,872 today. Dow Jones lost 0.42% today and closed at 34,030.

The Nikkei hit a significant low of 15.42 around 7 months ago, but has since recovered 184,683%.