The trend is still down, but with the extended move down over the last few months and the last last 3 weeks of consolidation, the market is starting to feel like it's "antsy" for another relief bounce. Whether that bounce happens we don't know, but if it does here are some levels that the price my find some resistance and areas of for some range bound chopping.
The next level to crack is 690, so keep your eyes on that level as the next target after that would be 723. Note that the 723 area was tested unsuccessfully 5 times in February.
RUT Daily Chart:
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