After 15 days of gains the RUT finally broke its uptrend and is very overbought on the daily chart.
First target for shorts is the .236 Fib level at 1300/2. If it holds that level and consolidates it may prove a good spot to be long.
The 9 ema has crossed down thru the 20 ma. The last two times this has happened in 2000 and 2008 the SPX has fallen 50% each time. It is also in a squeeze which looks likely to release to the downside. Look at the presvious two.