Near Term Trend: Bullish
As of 9/22/2017 close: $55.43 (+ 0.11%)
UPDATE: Last week, I suggested getting short of Japanese stocks immediately with stops on a monthly close above $55.28 and a target of $48.69.
Japanese stocks peeked above the monthly resistance of $55.28 early this week and then faltered later in the week. One more week of trading to see where we go with Japanese stocks.
Get short of EWJ here, but honor stops on a monthly close above $55.28. The downside target is $48.69.