A Year-End Test For The Market

December 28, 2005 13 Comments

The leading NASDAQ and Russell indexes look to be setting up for a year-end test of some important support lines.  The NASDAQ will once again retest the previous high breakout point, as well as hit an uptrend support line. 

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The Russell 2000 is making this cool X pattern out of two wedges.  I don’t know if it means anything but it also is pointing to a test of the uptrend line by year-end.

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13 thoughts on “A Year-End Test For The Market”

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