RUT Levels

The RUT has continued to set lower highs as the last peak resisted right at 720 (just under the 100MA). The 100MA is sitting at 715.99, and may be tested on Friday if the Google exuberance can spark a expiry day rally. It will be very interesting to see where the index settles Friday AM.

Key resistance levels up top are 720, 730 and 740. A short term rally could easily put RUT up to 740 if the spigot of bad news is shut off for a week or so.

Notice how the todays prices found support at the halfway point of yesterday's large white candle. (same level as Monday's open)

RUT Daily Chart: