markrivest

RUT Nearing Significant Resistance

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TVC:RUT   US Small Cap 2000 Index
Please see my RUT posts on 7/26/18, 6/21/18 and 5/9/18.

Next week RUT could reach the 1740 to 1750 zone,this is where long term and intermediate rising trend lines converge.
I still anticipate RUT to make a significant top before the SPX, DJI, and IXIC.

In 2000 RUT peaked 2 weeks before the SPX in 2007 RUT made a top 3 months before SPX.
If RUT tops next week the SPX rally could continue for at least 2 weeks.

I will have 2 more RUT posts later today.

Mark

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