Week of July 30th, Nikkei, S&P500 and Nasdaq 100

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Nikkei 225:
The Nikkei has formed an intermidiate low since 6 weeks ago and last week action confirmed this observation, forming a higher low (weekly) . Next target is 16100 on the Sep Futures.

S&P500:
Similar to Nikkei. Next taregt is 1290-1298.

Nasdaq 100:
This is the most bearish of the indexes and last friday's rally by led by technology/ seminconductor sector's huge gain of 4-5% may provide further momentum to the upside of the major indexes. Next target will be 1568.

Big Picture: Long Term has not changed (monthly)... Bearish
Medium term: Weekly, Bullish ...
Short term: Bullish
Technicals: FTSE, Nikkei, ASX, S&P's Weekly MACD Histogram (WMH) - UP (bullish)

Trading ideas :(please apply your risk management rules in all trades)
Writing Options: Tbond (OTM puts)
Futures: Long Tbond
Options: ATI (Long call)