Wednesday, July 16, 2008

RUT Bulls Are Back

The RUT had the relative strength today with a 3.66% gain to close at 686.75

If the RUT pulls back tomorrow look for support in the 675 area which is the 23.8% fib as well as about 1/2 way down today's candle. A close below 675 would put it in limbo land again.

RUT Daily Chart:


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