Nikkei & Cotton

Nikkei may be attempting to break thru this recent declining wedge pattern. HVAH and composite 1yr VAH could be on tap as targets near 15000.

Red highlighted box could pose intermediate TL resistance @ 14250 - 14300 zone.

Cotton made a crazy spike higher, new high on continuous contract, then the divergence in RSI clearly rang the bell there for the short of the month (missed entirely.) Looking at the sharp pullback, seems very likely the TL support and breakout from last wedge support lines up at 83.00 - 83.20 area, which is also a LVN pm composite VP. Swing lows at 82.50/60 and 200d SMA 82.43 next level of support and line in sand if TL breaks brief period of swing low in June of 78.94 is huge support level and major crater in composite VP.