holeyprofit

RUT bearish ending diagonal?

Short
TVC:RUT   US Small Cap 2000 Index
We've been watching the 161 extension level on the RUT for 6 months now. It's interesting that the stocks that have been most volatile mainly come from an index that has traded essentially flat. We think a major breakout will come from this RUT range.

A big decision is to be made in RUT from this area. It's starting to look like the range is becoming an ending diagonal and we're already into the early - subtle - part of the breaking of this.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.