Triple Convergence

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I realize that ten days in a row of “up” in a market can put the zap on one’s brain, but I’d like to quietly point out that the Russell 2000 is lurching toward a triple-crown of resistance: first, a gap fill; second, the underside of the intermediate-term trendline from November 16, 2012, and third, the underside of a long-term trendline from March 10, 2000. So, errr, if you still want to buy because Yellen thinks it’s a swell idea, there’s nobody to stop you. Go nuts.

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