Update on RUT: July 5, 2012

RUT is again nearing its previous highs of 856 (July ’07) and 868 (May 2011.)  It’s already exceeded the .886 of each of those, and is rapidly approaching the .886 retracement of its most recent dip from 848 to 730 (March 27 – June 4, 2012).

As charted back on June 15 [see: Forecasts, Darts and Ouija Boards] we completed an Inverse H&S pattern that reversed the traditional H&S completed on May 8.



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