Of note was the strong move down on the RUT the day after the Oct 31st. announcement. Keep your eyes on the price action will probably get volatile again in both directions
as the bulls and bears hash it out.
RUT Daily Chart:
Monday, December 10, 2007
RUT Downtrend Broken on Daily
I re-drew my trendlines today on the RUT and the descending trendline is holding as a resistance level. The 50% fib level also acted as resistance. Tomorrow's Fed announcement will likely push the RUT convincingly to one side or the other.
Of note was the strong move down on the RUT the day after the Oct 31st. announcement. Keep your eyes on the price action will probably get volatile again in both directions
as the bulls and bears hash it out.
RUT Daily Chart:
Of note was the strong move down on the RUT the day after the Oct 31st. announcement. Keep your eyes on the price action will probably get volatile again in both directions
as the bulls and bears hash it out.
RUT Daily Chart:
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