Update on RUT: Dec 8, 2016

In our last update on RUT [see: Nov 11 Update] we noted that RUT was likely to break through to new highs.

…given that it’s Friday, and RUT is now only 14 points short of new all-time highs — we have another good argument for a gap to new highs on Monday.

RUT did, in fact, gap up to new highs on the following Monday, and has since gained another 6.3% in less than a month.  Can it maintain its momentum, or has it moved too far, too fast?

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