The RUT broke the short term uptrend it had going so I'm putting on my bearish RUT hat until I can see some price action evidence to show me otherwise.
RUT Daily Chart:
Wednesday, February 6, 2008
RUT Levels
The RUT has spent the last 3 days moving down after getting rejected at the 730 resistance level. I was surprised to see that it didn't have the strength to make it up to 740 before resisting, but that's what makes this business so fun.
The RUT broke the short term uptrend it had going so I'm putting on my bearish RUT hat until I can see some price action evidence to show me otherwise.
RUT Daily Chart:
The RUT broke the short term uptrend it had going so I'm putting on my bearish RUT hat until I can see some price action evidence to show me otherwise.
RUT Daily Chart:
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