Nikkei 225

Yesterday's 7% Drop on the Nikkei 225 was the biggest one day loss since the Tsunami and the Nuclear Meltdown of 2011, its only the 10th time in 50 Years that the Stock Market has suffered a 7% loss and was down nearly 2000 points from High to Low at one stage.
On a monthly chart dating back to 1999 you can see a perfect technical reversal off a downtrend line starting 13 years ago. Analysts may Call this a coincidence that poor fundamental data matched perfectly to a technical reversal at a key technical level at the same time but it sets a near term top in place.
Monthly charts are what long term investors look at and we can guarantee a lot will be looking at this very chart wondering is this the end of the Nikkei rally that at one stage yesterday was up 84% in the last 6 months.
Just something to keep in mind when taking the long Japan trade (Long Nikkei, Short JPY).