The Japanese equity market continues to act well (so does the Yen).  Let's review the EWJ.  Currently, the EWJ is attempting to sustain its up-gap opening above a 9-week resistance line (13.90), which if successful should trigger a test of the prior rally peak at 14.01 (2/27) in what increasingly looks like the upside breakout from an intermediate-term rest-consolidation pattern.

Mike Paulenoff is a 25-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his E-mini S&P and QQQQ technical analysis and trading alerts. For more of Mike Paulenoff, sign up for a FREE 30-Day Trial to his E-Mini/Index Futures diary, or try his QQQ Trading Diary.