On the chart above we can see that the RUT broke through EMA50 and EMA100 like hot butter. This can lead to a retrace as far down as 0.618 Fib. just to start, it can go lower.
The is entering the zone with plenty of room left for more down.
The is also looking extremely .
If this index is an indication of how the conventional markets will move then prepare for some strong action in the weeks ahead.
This quick analysis is shared as a follow up to my SPX analysis here:
This is just a friendly reminder.
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