Browse Symbol Stacks: $RUT: content.screencast.com/use...RUT112114.jpg

content.screencast.com/use...RUT112114.jpg

Here's what my RUT daily chart looks like. I would say I'm neutral on it at the moment. In spite of the strength since the October low, it has not managed to break back into the larger wedge off the 2009 low, which is broke down out of in September. Also, it has not broken out of the 15 year megaphone pattern, but that level is close with the area circled in green. The strength since the October low is obvious, which had a chance to begin to breakdown this week after closing the BOJ gap, but instead decided to resume its run higher. Also of note is the downward channel, shown in red, which has formed this year, after breaker out of the 2013 large wedge shown in green. So neutral intermediate term at the moment. I would be long above 1200, and short below 1150.

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