According to Jake Bernstein Momentum method, RUT has a setup for a short play. The trigger would be momentum to close below 11.61 at that point you can go short.
Since the setup is present in the RUT the market as is whole is also showing signs of reversal. However you need to wait for a trigger before going short. The current market can continue to go higher for sometime.
Thursday, September 10, 2009
RUT Bearish Divergence
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