RUT: Topping Tail

The RUT was up earlier in the session, pulled back most of the day, rallied at noon and then gave up advances the last 20 minutes of the session.

This left the RUT with a topping tail on the daily charts.

While this is generally a bearish signal, the RUT did close near yesterday's highs so in the broader context it was a decent follow through to yesterday's rally.

We can only wait now to see if we have further bullish follow through for the rest of the week.

RUT Daily Chart: