$RUT - Charts
- Chris Speed
- Nov 13, 2015
- 1 min read
Here is more with the Russell 2000 chart.
I decided to take a second look at the chart to determine the outcome of tomorrow's movement. Ideally there is only two directions in which the index can move and that is either up or down.
I have located patterns in the charts using the MovAvgTwoLine and the MACD studies, which suggest a sell off continuation for tomorrow in three instances and a possible rally in one instance. In the one instance where there is a rally I looked to the RSI study and noticed the index was overbought the day before, which gives me some hope that this rally will not hold up tomorrow, but anything is possible.
So lets, "put that on Piru!"...
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