RUT: Another 20MA Smack Down

The RUT got bullish ballistic at the open and tried to open the the 460 door again three times but got sent packing each time. The afternoon session sold off hard and the RUT closed down 14.23 points to close at 440.20

It will get another chance to retest 450 to see if it can clear it.

My bias is neutral to down with the 20MA rejecting todays price action. Note that the price is now below both the 8MA and 20MA on the daily now.

RUT Daily Chart:



RVX Daily Chart:
The RVX action today created a doji on the daily chart giving us little hint for tomorrows probable direction. The RVX continues to hold above the 8MA and 20MA so it's still a hint bearish.