RUT Levels

The RUT had a spastic gap up and rally for the first 15 minutes of trading today, but spent the last 6 hours selling off to close at yesterdays lows.

The RUT continues to find refuge in the 700 area and keeps getting pushed down with every attempt retest resent highs. The intermediate downtrend is intact. There will certainly be more attempts to rise, but be aware that there will likely be more selling into those rallies.

RUT Daily Chart: