Russell 2000 (RUT) : Support broken

RUT has break its support at 710.3

This support level is identified by both the Chikou Span and the Kijun sen (trend line).

With the whipsaw movement over the past few days, and the breakdown from this support level, this could be the beginning of a major correction.

Catalysts at this moment seems likely to be from the PIIGS.

Related posts:

  1. Russell 2000 (RUT) : Fill the gap. Support level
  2. Russell 2000 (RUT) : Critical Kumo Support
  3. Russell 2000 (RUT) : Double Top and a Possible Bearish Cross
  4. Russell 2000 (RUT) : Break Session Low and Challenging Support
  5. Russell 2000 (RUT) : Overbought