Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Tuesday, December 29, 2015

NASDAQ Closes Against Major Resistance

After a disastrous Monday, the Santa rally resumed during the wee hours Tuesday morning and produced a major rip higher for the stock indices.  The NASDAQ being the star performer with a lot of traders cheering on but may now be asking what comes next as the NASDAQ closed on Tuesday up against its 6-month downtrend line.  

click on image to enlarge

Will this be a triple top at a 6-month downtrend line or does the Fed have something else in mind?

Trade well my friends


Blog Archive