Thursday, April 3, 2008

RUT Levels

The RUT hopped up to the next fib level after breaking above the secondary downward trend line. Next level up top to test is around 723 where the 38.2% fib, 100MA and horizontal resistance collide. To the downside, first support area should be around 700 which is half way down the large white Apr 1 candle.

RUT Daily Chart:


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