The RUT chart now has a lower low, we just have to wait and see when this current rally rolls over to analyze the level of the next high.
RUT Daily Chart:
Wednesday, January 28, 2009
RUT: Testing the 20MA
The RUT got a boost today and closed up close to the now sideways 20MA on the daily chart. This may hold up as an area of resistance, but once it gets sideways the price is likely to chop around it for a while before another direction gets set. In store, more uncertainty.
The RUT chart now has a lower low, we just have to wait and see when this current rally rolls over to analyze the level of the next high.
RUT Daily Chart:
The RUT chart now has a lower low, we just have to wait and see when this current rally rolls over to analyze the level of the next high.
RUT Daily Chart:
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