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Russell 2000

Russell 2000 (RUT) : Critical Kumo Support

Compared to the SPX, RUT’s bearish Tenkan sen – Kijun sen cross comes later.

RUT is currently trading within the kumo with a support level at around 640.

And this will be the first level it will test. Noticed how Thursday’s system drop tested this level and rebound.

If RUT, breaks 640, we are targetting 590 next.

Noticed how the leading kumo has starts to twist and if it does breaks support, the leading kumo will shows the change in trend as well.