With price being king, the Bears have the edge with that trend break today. Not much support on the daily chart should the RUT break below 490 tomorrow. Could easily retest those lows again quickly.
RVX Daily Chart:
RUT Daily Chart:
Monday, November 10, 2008
Monday RVX / RUT Numbers
The RUT pulled back today, and in doing so the RVX shot up to retest the downward trendline in the 65 area. It is still holding the downtrend, but at the same time the RUT actually "broke" it's up trend on the daily charts -- MIX SIGNALS, really need to see how the next few days play out to see where we go.
With price being king, the Bears have the edge with that trend break today. Not much support on the daily chart should the RUT break below 490 tomorrow. Could easily retest those lows again quickly.
RVX Daily Chart:
RUT Daily Chart:
With price being king, the Bears have the edge with that trend break today. Not much support on the daily chart should the RUT break below 490 tomorrow. Could easily retest those lows again quickly.
RVX Daily Chart:
RUT Daily Chart:
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