RUT has break session low and Â is now challenging support at 690.92
I believe RUT provides a fairly good proxy to the risk appetite of the market. When RUT starts to slow down on its advance, it is a sign that the broader market is perceiving it as more risky.
RUT has been resisted twice at 624 since September; forming a double top. The recent bounced off 600 was very short lived Â and RUT broke support at 600 yesterday. With these break, we are looking at the next possible support of 580 based on the Chikou Span. For now, the Bearish Cross from Tenkan sen… Continue reading Russell 2000 (RUT) : Double Top and a Possible Bearish Cross