RUT needs consecutive daily closes above the $770 to 776 zone
it is that simple, imo
in addition:
NYA (NYSE Composite Index) is currently lagging the SPX and NDX chart formations, but that could change ...
the $7595 to 7520 zone needs to act as support during future pullbacks
(NYA January 12th close = $7681.26)
NDX daily closes within the $2372 to 2429 zone represent selling events during multiple price sequences in 2011 ... will this time be different?
($2381.99 = the new 2012 close high today on January 12th by the NDX)
- hiker
Edited by hiker, 12 January 2012 - 06:35 PM.
