The Nikkei closed today at 28,083, after five straight days of gains

Today at a glance: bullish sentiment helped the Nikkei to push 159.33 points higher, reaching session highs around 28,121, before consolidating until close. Ultimately, the Nikkei closed today at 28,083.

Nikkei's upper Bollinger Band® is at 28,646, this is a slight indication of a slowdown. The Nikkei broke through the 28,061 resistance and climbed 21.67 points above it.

After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest the Nikkei is set for a reversal in the coming days.

Other markets are also showing gains as notably, FTSE rose 0.46% today and closed at 7,785.72. ASX 200 added 0.47% and closed around 7,310 today.

Meanwhile, Hang Seng lost 0.86% today and closed at 20,500.

The index has been trending lower for about a month. After hitting an important low of 15.42 approximately 6 months ago, the Nikkei has bounced back 181,000% since.