Short Term Trading Member Forum

[mrusa1992]

actually if the 2.5wk low on the RUT came later, I guess it could track down along the 20wk FLD and not break it, there is a pile of FLDs/FMAs for the 5wk and 10wk down in the 663-660 zone over the next 2-3days (which should capture a long running 2.5wk low). My model shows if the bull continues we should see a very strong rally starting here that will possibly run to 720 zone, way above the "channel" on the weekly chart that would imply 700ish would be a near term top.