RUSSELL 2000 INDEX - $RUT
Monthly chart shows backend resistance at prior high of 614 area holding as resistance once again. Coincidentally, this is also right at the 34ema and the 89sma levels.
Weekly chart shows the current high was made with regular divergence on the cci Momentum indicator. Look for possible deeper retracement off this current resistance high.
Sunday, October 04, 2009
$RUT Update for 10.04.2009
Posted by TraderZ at 10/04/2009 09:30:00 AM
Labels: $RUT
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