Buyers are stepping back in and the RUT chart is actually looking very strong with the one exception being that the RUT is very close to the 750 resistance area. From a pure technical perspective it has higher highs and higher lows on the daily, as long as it holds the price action should be bullish. For the RUT to keep the higher low the daily candles will need to continue to close above 724 -- a close below 724 will remove the bullish bias and put the index back into a neutral bias.
RUT Daily Chart:
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