I posted  chart of the Nikkei a couple of weeks back,suggesting further upside ,which we have seen.
Nouf (Wavepatterntraders.com) is suggesting this rally may have completed a 5th wave
http://chartramblings.blogspot.co.uk/2013/12/i-am-wary-being-bearish-any-markets-1.html

Nouf' also has a 5 wave count on the$ES

 #elliottwave http://stks.co/d02nI