RUT Trading Levels

The RUT has been the spastic step-child of late and it's moves have been extremely exaggerated in each direction. This movement has been great to capture some points intraday, but it's left the daily charts in a confusing state of flux and has everyone wondering if the RUT will have the strength to stay above the March lows or if this is just the last batch of bullishness until it follows the SPX and DOW to set new 52 week lows. Only time will tell, but be ready for the fall or bounce because it seems like a 50/50 shot at this point.

RUT Weekly Chart:





RUT Daily Chart: