RUSSELL 2000 INDEX - $RUT
Monthly chart shows continued weakness and selling pressure. No buy signal/pattern evident on this timeframe. Downside target remains the .618 fib level of 528.9ish.
Weekly chart shows continued weakness and the index is firmly below the down trendline in place. No buy signal/pattern evident on this timeframe.
Daily chart shows index has been in a consolidation/trading range, since the January 22, 2008. Look for a possible attempt at holding the low, before the bears overwhelm the bulls and take the index to a lower low.
Saturday, March 08, 2008
$RUT Update for 03.08.2008
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