Update on RUT: Sep 14, 2015

RUT overshot the large white channel top for most of the past year, dropping back below it in late August when the rest of the “markets” took a pause.  Note, however, that the yellow channel top never was exceeded.2015-09-14 RUT big weekly 2000

As we noted at the time, the smaller white acceleration channel broke down.  But, RUT climbed alongside its belly rather than react as indices normally would.

2015-09-14 RUT weekly 2000The late-August plunge changed things.

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