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:
Thursday, April 3, 2008
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