RUT Focus

Looking at the RUT objectively, although we finished up the day strong, there has been some very strong selling in the last few days. The downward trend is still intact on the daily and today we put in a lower low. Since today's low was lower then the last, I don't think we can count it yet as any type of double bottom as those would need to be even or the 2nd one a little higher.

With the extreme volatility (the $RTV reached an ALL TIME high of 42.60% today) it may pop through the downward trendline, but watch carefully as we must respect the fact that it had a lower low and be aware that we could get a move even lower at any time.

RUT 1 Yr / Daily Chart