Russell 2000 (RUT) : Overbought

Mar 11, ’10 1:21 PM
Author Categories Russell 2000 Tags

From the Ichimoku chart, we can see that RUT is very overbought now.

The price level is far off the Tenkan sen. Or put it another way, Tenkan sen has trouble keeping up with the rise of RUT.

We can also confirm this with RSI which shows that RUT have been trading in the overbought territory for some time.

Looking to hedge against a possible drop for RUT with an April 680/690 CALL.

Related posts:

  1. Russell 2000 (RUT) : Watching RUT resistance at the kumo
  2. Russell 2000 (RUT) : Follow up on Watching RUT
  3. Russell 2000 (RUT) : Critical Kumo Support
  4. Russell 2000 (RUT) : Fill the gap. Support level
  5. Russell 2000 (RUT) : Support broken

Comments

2 Comments so far. Comments are closed.
  1. GR,
    March 11, 2010 at 2:26 pm

    Your title says “Oversold” but the contents say “Overbought”. Oi! :D