Technical forecast for Topix

Topix hit the next target of 1256. This is very strong longer term resistance & should present a big challenge to bulls, even in this steep bull trend. Exit longs & try shorts with stops above 1261 for 1276 then 1286 as the next upside targets.

We are overbought in the short term & on daily charts so a dip down to support at 1239 then 1234 is possible.