Thursday, May 1, 2008

RUT Daily

The RUT made it up and over the downtrend line today to establish a break and try to extend the bullishness of the short term upward trend.

The 30MA is steaming up higher and chasing the price, any pull back now will likely find support on the 100MA, and if not the 30MA will be close behind.

The chart is looking very bullish indeed, 740 looks like the next likely target.

RUT Daily Chart:

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