Quick update RUT charts

dangerous area here if short. dangerous area if holding longs based on bigger trend.

RSI -5 OF RUT ISSUE ABOVE 50DMA (HIDDEN) Trying to hold on 2 shorts when this got OS got me in to hot water last time.



SAME CHART OF 200DAY



RUT MCOSSO AND ZEWIG SAYS WE COULD STILL GO LOWER OR HAVE ONE HELL OF A MOVE UP



45 MIN TIMER SAYS TODAY DID A LOT TO WORK OFF OVER SOLD CONDITIONS, COULD SET UP ANOTHER MOVE DOWN OR GO HIGHER



VOLATILITY UP THERE. BEARS WE NEED ANOTHER CATALYST SOON, OR THE SQUEEZE WILL BE ON...




XOXO

POO BEAR

I have often noticed the correlation between extreme low tick value followed by an rapid extreme high tick value (or vice versa) corresponds to a longer trend.

Illustrated here with TNA and TICKRL 2 minute closing values are dots. TICKRL hit -3 sigma then neared +3 sigma approximately 16 minute elapsed timeframe. Trend up lasted approx 120 minutes off this bottom. (BB are inputs of TICKRL not TNA and I do not trade off this chart and no longer trade on these short time frames, but have observed this)

These price/volume support clusters are gonna be tough to get through on way down... have to find a way to get under 770 first