How to Tell the Market is in Euphoria?Nikkei (USD) FuturesCME_DL:NKD1!konhowHow to Tell the Market is in Euphoria stage? Sir John Templeton once said: “Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.” We will case study on the Japanese stock index how to identify a euphoria run-up. Before 28 Feb crisis, we saw a run-up. Within this run-up, we saw 2 distinct euphoria characteristics: i) Regular overnight gaps and ii) Huge net change at its opening Micro Nikkei Futures Ticker: MNI Minimum fluctuation: 5.00 index points = ¥250 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs https://www.tradingview.com/cme/