The neckline of the Reverse Head and Shoulders is also at 375 so it will be interesting to see if it holds there.
RUT Hourly Chart:
Monday, March 16, 2009
RUT: Hourly Update
The RUT climbed up to 400 then lost it's steam and quickly fell back to the 385 area. There's not much support at all before 375, so unless the market decides to get really bullish overnight then 375 would be the first downside target.
The neckline of the Reverse Head and Shoulders is also at 375 so it will be interesting to see if it holds there.
RUT Hourly Chart:
The neckline of the Reverse Head and Shoulders is also at 375 so it will be interesting to see if it holds there.
RUT Hourly Chart:
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