RUT Monday

Needless to say a very volatile day in the markets. The Russell 2000 continued to hold it's uptrend today despite piercing the line in intraday trading. We'll be watching tomorrows action very closely to see if we can continue to support here. Note too the downtrend (light red dotted lines) that I've drawn as a possible downtrend channel should we break the uptrend. We should find support in the 815 area due to the 100MA and some other horizontal support.