So, from the perspective of the russell 2000, here we are back in Primary 2 up. The major indicies have not confirmed this, which is bearish. Additionally I’d like to share a straight trading chart:
Russell 2000 at top of exhaustion Territory
Only once in the entire rally from March 2009 has the RUT managed to get to the top of the exhaustion buy zone, and that was Sep 17 2009. At the very minimum we shuld get a reversionto the 20 day EMA, which is currently 633.
