I've now estimated my model for the Nikkei and it is pretty successful in backtests. The model says to look for short-trades in the Nikkei on Monday. I probably won't start trading it though till Tuesday due to a couple of meetings I have during the day on Monday. Perhaps more on one of those meetings with someone interested in trading and modeling after we meet. A lot is happening this week actually. Should be interesting. I'll keep you informed.
P.S. The US models would suggest to switch to long Monday except that even if the indices were unchanged they would fall deeply into the oversold zone, which says to stay short. So only a very strong rally on Monday would actually show to get long. There is a reasonable likelihood of a positive gap up at the open Monday, that might be what you need to get long.
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