Next level of horizontal price support is at 440, so that would be the first target. There's also a 161.8 fib target at 425.97.
RUT Daily Chart:
Wednesday, January 14, 2009
RUT: Break of 460 Creates Lower Low
The rally has come to an end with today's close below 460. When this current down draft halts and it starts moving up again it will have formed a lower low on the daily charts and likely a lower high.
Next level of horizontal price support is at 440, so that would be the first target. There's also a 161.8 fib target at 425.97.
RUT Daily Chart:
Next level of horizontal price support is at 440, so that would be the first target. There's also a 161.8 fib target at 425.97.
RUT Daily Chart:
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