Key Trends Soon To Be Broken: Russell 2000 - Small Caps Index, Nikkei, Japanese Yen, Silver

First up today is a chart of the Russell 2000 small caps index:

That red uptrend will soon be broken, at which point the index should drop to below 900 at least. 

Here's the Nikkei:

That channel, in red, will soon be broken and the Nikkei should then drop to at least near the 11500 mark, probably closer to 11000 or slightly below. 

If so, the yen should continue higher.  For context, please see our buy call at the recent lows titled "Buying YCL, Long the Japanese Yen, VIX at 6-Year Lows".  Be aware there's a Bank Of Japan rate decision due on Thursday.  Here's an updated yen chart:

Worth reviewing:  "Look Out Below! (Silver Update)".

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