Russell 2000 Analysis for April 26, 2007
Path of least resistance: Up. The trend is up and the IWM is at new highs.
Major Price Points: $81.70-$81.90 is an area of trendline support. A break below this shows weakness.
Minor Price Points: $83 is a new high.
Worth noting: While the QQQQ, DIA and SPY are all ripping away to new highs, IWM is lagging and is the dog of the bunch.
General Sentiment: The market is on fire.
