Not much else to say, the chart does a much better job at showing what's happening.
440 support will be a critical area to hold next week.
RUT Daily Chart:
Friday, January 30, 2009
RUT: Lower High, Lower Low = Down
The RUT resisted off the downtrending 20MA and has now formed a lower high to go with it's lower low. This confirms our bias for short term bearish.
Not much else to say, the chart does a much better job at showing what's happening.
440 support will be a critical area to hold next week.
RUT Daily Chart:
Not much else to say, the chart does a much better job at showing what's happening.
440 support will be a critical area to hold next week.
RUT Daily Chart:
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