Chart of the Day
For some perspective on the current state of the stock market, today's chart presents both the long-term and intermediate-term trend of the Russell 2000 (small-cap stocks). As the chart illustrates, from late 2002 into 2007 the Russell 2000 traded within the confines of an upward sloping trend channel. However, since mid-2007, the trend has been down only to accelerate in mid-2008 -- though resistance (red dashed line) is currently being tested.
Notes:
- Where's the market headed? The answer may surprise you. Find out right now with the exclusive & Barron's recommended charts of Chart of the Day Plus.
Source - Russell Investment Group
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