Thursday, September 27, 2007

RUT Still Looking Strong

The RUT gapped up this morning along with the other indices and closed up 4.89 points for the day. The price action on the daily chart looks bullish, higher highs and higher lows. Should the RUT pull back, there should be some strong support at the 800 level. The 30MA at 790 should act as secondary support.

RUT Daily Chart

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