In our last update on RUT [see: Jul 23, 2024 Update] had recently reached our 2282 target and was within striking distance of our 2364 target after coming within 4 points of our 1629 downside target. RUT tumbled 13% to tag its 200-day moving average before making a run to 2364 last month. It wasn’t … continue reading →
Tag Archives: RUT
Futures are slightly lower on the last day of a pretty impressive Q3 at +8.7%.Can the rally keep going in October? continued for members… … continue reading →
A lot has happened for RUT in the past week. It was only 11 days ago that we updated its chart, suggesting RUT would reach 2282 by the end of the year. RUT’s reversal at its .618 in April set up either a Gartley or Bat pattern, meaning a move to its .786 at 2282.27 … continue reading →
VIX came within .01 of its previous lows on Friday……leaving plenty of doubt as to the algos’ next move. Today, we should see some resolution as moving averages start to roll over. continued for members… … continue reading →
After reaching our next upside target, futures have settled into a pause. No surprise, as the algo factors are doing the same. continued for members… … continue reading →
Our last major update on RUT [see: Apr 26, 2022 Update on RUT] we noted that RUT (trading at 1890) had finally broken down below the key support at 2177 as expected and was headed lower. Frankly, I consider this a lousy setup. Given its history, RUT could bounce at 1918 another dozen times over many … continue reading →
In our last update [see: Nov 30, 2021 Update on RUT] we noted that RUT had fallen by over 10% and dropped below its 200-day moving average – both bearish developments. Yet, it had bounced repeatedly at a key Fibonacci level, the 1.618 extension at 2177.88. By repeatedly, I mean seven separate times where it … continue reading →
RUT’s chart reminds me of the old country and western song: “How Can I Miss You When You Won’t Go Away?” The Russell 2000 is down over 10% today, so it’s technically in a correction. Some of its individual components have really taken it on the chin. And, it’s fallen below its 200-DMA, which is … continue reading →
That’s a relief! For months, pundits have been arguing whether the Fed needed to hike interest rates three times or four times this year — you know, because of all the growth coming down the pike. Fed Über-Dove and “Man Who Thinks Market Integrity is Overrated” Jim Bullard just announced that the correct number is … continue reading →
About a month ago, as part of the series of charts inspired by our latest analog [see: Analog Details Feb 7, 2018] I hazarded a forecast for RUT that called for a rebound to the rising white channel (which had recently broken down) by Feb 14, a retracement on Mar 1, and a subsequent rally … continue reading →