This current move down has covered a 150 point range (800-650), and has done it at a 80% angle which is unsustainable. Although I've been anticipating a good bounce for a couple weeks now, the more we fall, the more likely a bounce. That being said, we continue to wait for evidence of a bounce and keep our bearish bias until we see some higher highs and higher lows ABOVE the 750 level.
RUT Daily Chart:
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