Nikkei 225 Down 2.86%, Large Futures Seller #Japan

Nikkei was active overnight to the downside (update: 2:15c)

1) Decent intraday downtrend in Nikkei 225 (1st chart), keep eye out for breakout
2) As noted in my previous post, 9,000 is an important support level (also $EWJ in there)  
3) "Large lot selling of futures by a foreign investor" -Reuters 
4) Nikkei September Future (2nd chart), sold off at 50 day moving average, downtrend resistance

    Nikkei 225 Intra-day -2.862%, 9,408

    Nikkei 225 Index Sep 2010 Future (Chart: OptionsXpress)

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