The Nikkei’s rising purple channel is done — meaning the BoJ has postponed the 1% rule… at least for now.

Keep an eye on the falling red channel.  The next major support is way down at the white channel midline where it intersects with the purple .886 and gray .618 in the 14,000-14,200 range.

If they don’t prop up their “market” north of 13,860, the downside risk is enormous.