Tuesday, April 15th. - Stock Trends, Charts, and Commentary (*** If you see last week's Tuesday Update: Click Here)
Are the DJI and Russell 2000 showing similar patterns?
Today's second chart is an update of last week's 35 year DJI chart which showed an expanding wedge pattern. However, this morning we will show another chart and that one is of the Russell 2000. When you look at it, you will see that it is now testing its upper resistance level.
The DJI represents large companies affected by changes in international conditions, and the Russell 2000 mostly represents smaller U.S. companies. The spectrum coverage of the two indexes will be important to watch in the coming days and weeks.
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This second chart is the update 35 year chart of the DJI ....
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