Tokyo Nikkei Index Around 9,000 Support, EWJ Similar (Chart)

Watching floor support and downtrend resistance levels on the Nikkei Index (Tokyo) and $EWJ (iShares MSCI Japan Index ETF). The Nikkei tested the 9,000 level three times since summer 2009. It is currently trading at $9,255.94, -0.88% tonight. Also take a look at the long term downtrend/descending triangle on EWJ since 2007. Something has to give at some point. Here are a few articles and charts.

Japan's 30-Year Bonds Drop on Concern Demand at Tomorrow's Auction to Fall - Bloomberg

Most Asian Stocks Drop as U.S. Services Report Fuels Concern - Bloomberg

Japan Economic Index Falls for First Time in 14 Months as Recovery Slows (7/6) - Bloomberg

BoJ's Haruyuki Toyama urged banks today to lower yen TIBOR; PMI report fell for the second consecutive month in June (7/6) - Hedge Analyst

Tokyo Nikkei Index (


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