November 9, 2010

Russell 2000 in a channel

  • RUT is trading in a channel in 15 minutes chart.
  • Channel is a descending one. right now the index is moving up and if stays above 731 RUT may move towards the top of the channel where it may hit resistance again.
  • Things will turn bullish again above 734.
  • Break below 729 will favour bears. 731 is also an important level as shown in the second chart.

1 comment:

  1. http://mcclinbeursanalyse.blogspot.com/p/signaal-overzicht-s.html

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