RUT: Follow the Leader?

Several weeks back we noticed that while the NDX and RUT were on bull runs and that the SPX and DOW were heading down. We then asked ourselves which pair would eventually lead the others and our question was answered these last 2 weeks with the RUT and NDX getting the smack down.

For the RUT this is bad news for the bulls. The SPX and DOW have both tested the March lows and the DOW is now below those lows. IF, the RUT continues to follow the leader it would mean a trip down to the 645 area which is now less then 20 points away.

I am looking for a relief bounce, but it may not come until that 645 is hit first. Seems too close at this point not be magnetized down in that direction.

I had to pull out to a weekly chart to find some longer term support levels.

RUT Weekly Chart: