US and EU stock indices data ingestion currently broken

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An update on data ingestion and chart generation Here is a real quick update on what can currently be observed on the main website: Our main data source for US and EU stock indices changed some internals, which is why the automated data ingestion no longer works. Hence, the automatically generated charts stopped updating in June. Unfortunately we noticed very late, and now the charts for the US and EU stock indices are outdated. The charts for indices from India and all crypto-related things are not affected. What are the next steps to fix the US and EU stock indices charts? We are going to look for another data source and adapt all things accordingly. We will let you know as soon as everything is fixed.    
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Nikkei 225: Buy signal close?

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Nikkei 225 Japan stock index: Is a buy signal close?

 

The technical chart doesn't look so good for the Nikkei 225. It has been showing lower lows for quite a while now and it failed to form a bottom during the last two weeks.

Let's check where we are standing with the market breadth data?

 


As you can see, the long-term indicator McClellan Summation Index formed a top and then began its rapid decline. It's a positive thing, however, that it did not decline any further during this trading day.

The short-term indicator McClellan Oscillator has been below the zero line for 6 days in a row and is now near zero again. 

Some consider crossing the zero line a buying signal, so one could hope for a good trading session tomorrow and then have a trigger for a long trade.

It's not so clear for me, though. The secondary trend of the Nikkei 225 is downwards, meaning one would buy against the current trend. So if you are looking for a buy signal, maybe combine positive market breadth data with classic chart data. E.g. wait for the index to trade higher than this intermediate top on 12.08.2021 and check if market breadth data supports this.

Please also note that we have an upcoming event risk this week with the US Fed meeting.


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