The Nikkei ended the session at 32,700, continuing its bearish run

Having fallen 924.54 points in 5 days, Today's session continued down the same path: bearish sentiment ensured the Nikkei finished today's session lower. However, despite the downward bias, the Nikkei etched out a distinct 32,400 to 32,900 session range.

Although Nikkei is pointing down today (was as low as 32,400), it's climbing away from the 32,383 support line and is now 315.65 points above it. Despite being in the red so far in the current trading session, the Nikkei peaked above its 10 day Simple Moving Average around 32,637 — typically an early indicator of a new bullish trend beginning to emerge.

Technical analysis shows that the Nikkei (currently on a downtrend) might reverse course and start going up in the short term.

In the meantime, negative performances are also seen in other markets, Nasdaq is down to 13,400, losing 100 points, after ending the previous session around 13,500. Hang Seng lost 0.51% today and closed at 18,900.

The index has been trending positively for about 2 months. 9 months ago, the Nikkei fell to a low of 15.42 but has since recovered 212,500%.