Browse Symbol Stacks: $RUT: content.screencast.com/use...f/RUT1215.jpg
$RUT Daily Chart
Updated ST, IT, LT Reversal levels. Currently on a short term sell, intermediate term buy, long term buy.
Pretty clean chart. With the strong move up in the second half of December, RUT broke out of its 2014 down channel, and had a bit of pull back the last two sessions. Currently on a short term sell, a bit more selling is possible, but I wouldn't expect the index the fall below the IT sell reversal and break back into the down channel. If that were to occur, the bears may take control. Primary expectation right now would be a short term reversal back higher, and to continue the trend higher. Short term buy reversal for Monday would be 1214. If we break higher from that level it would be a major buy signal for the index.