The $Nasdaq Composite Index (.IXIC.US)$ is in a bull market having surged more than 30% since last Oct's lows. But it is in a rising wedge pattern within an ascending channel as shown in the figure below.
The Nasdaq Composite started to struggle a lot just above the key 13174 swing level. The index has been underperforming $S&P 500 Index (.SPX.US)$ and $Dow Jones Industrial Average (.DJI.US)$ recently, prompting some speculation that it may be pea...