RUT Support

The RUT is in the process of forming two consecutive bottoming tails on the daily as it nears the upward trendline. It may turn here with good news, but technically it makes more sense to me that it would move sideways to down in order to test the trendline and 30MA.

I'll be watching that trendline closely as a close below the trendline would warn me that the momentum has changed.

RUT Daily Chart