Everywhere I look I am seeing these major top reversal signals. The Nikkei is yet another chart that is testing critical support. It looks almost certain that this support will fail next week. Then we see if it breaks out through the bottom of the cloud or will the BoJ cave in a add more stimulus before that happens (not that it will do any good). It is difficult to say how this will play out but you would have to say that the outlook is rather grim.
Below: Nikkei weekly chart showing test of major support
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