JP225: Sell Bias as Retracement Remains IncompleteJapan 225 IndexICMARKETS:JP225LIVERMORE333Sell Bias: EMA 20 Bounce is Not the Bottom The market is undergoing a necessary correction after the sharp rally. While we see a minor bounce at the EMA 20, I believe this is a temporary pause rather than a reversal. Why I am Maintaining a Sell Bias: Targeting EMA 50: A price adjustment toward the EMA 50 (Yellow circle) is the minimum expectation for this pullback. Correlation with US500: The US500 drop is currently "too shallow." Since the Nikkei was largely dragged up by US strength, it is likely to see another leg down once the US market begins a more meaningful structural retest. Strategy: Maintaining my short position. While the trend has technically shifted bullish, the current risk-reward favors a deeper pullback. I am waiting for clear price action at the EMA 50 before reconsidering my bias. #JP225 #Nikkei225