NDX channel/wedge. My WAG says it's a rising channel with an unsustainably steep slope. Thus some adjustment is inevitable and morphing into something else is possible as well. <<waffle-waffle-waffle>> {G} Here's the view on a 60 min chart: <img src=http://home.earthlink.net/~augiebooboo/temp2/ndx60upchannel.png>