Nikkei : Watch Monthly Trendline

Long since 01Jun09, courtesy of the double bottom break on weekly chart. Monthly chart has a downtrend line which cuts Jun09 at 10290 and Jul09 at 9920 (see marking on chart). We are now at around 9980 so if we stay around here into July, we would get an automatic break of the trendline tomorrow. It goes without saying that we would ideally like to see some decent upside price momentum to get excited about this (default break not exciting). Nevertheless, an interesting technical development to look out for.