Monday, April 6, 2009

RUT: Uneventful Day, But Still Holding the Up Trend

The RUT session today created a small red body on the daily charts today, but is still holding the uptrend.

The hourly chart is looking a little weak, but it's been full of upside surprises the past few weeks so we'll just have to see what it has in store tomorrow.

A break below 440 will be a straight shot down to 430, so keep you eyes open for that one. It tested that area five times today and held. The sixth may not be so lucky.

RUT Daily Chart:

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