In wake of the uber bullishness of the Fed Move, Labor report and Fed minutes, this pullback is technically healthy to give the index a breather before another leg up.
RUT Daily Chart
Thursday, October 11, 2007
RUT At 830 Support Area
The RUT lost 10 points today and took out the lows of the last 3 days, but found support near the 830 level. This area should be good support, but if it can't hold the next fib support is about 810. There's some trend support a bit below that. The next week should show us whether the RUT decides to keep the uptrend.
In wake of the uber bullishness of the Fed Move, Labor report and Fed minutes, this pullback is technically healthy to give the index a breather before another leg up.
RUT Daily Chart
In wake of the uber bullishness of the Fed Move, Labor report and Fed minutes, this pullback is technically healthy to give the index a breather before another leg up.
RUT Daily Chart
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