The Nikkei reached the lower parallel of the Schiff fork mentioned 3 weeks ago. The level is also support from March (3/5 and 3/24 lows). Huge level! A break below would complete a topping process that has been underway since 2/16 (descending triangle). Note that this possible topping pattern has taken place at the upper parallel of the channel from the 2009 low (see monthly chart below).