RUT Going Up?

The Russell 2000 inched out another gain today and more importantly is trying to break the downtrend on the daily chart. It's sitting right on the line, so tomorrow's close will give us our answer as to whether our not the RUT is ready to breakout to the upside again. There's plenty of resistance overhead so the battle to up again may be quite a fight. The RUT is still under it's 200MA on the daily which should continue to be construde as bearish until we are able to break above and HOLD it.

RUT 2 Month / Daily Chart