Replies to post #59829 on Options Wonderland

[Fox13]

Short term RUT: some formations detected since the end of May 2010.
The recent drop is punctuated by two “Extension Acceleration Scales“ (magenta & white).
The present level (which is also a -2/8 Murrey Math line ) could be a reasonable support. If it does not hold, the MM scale will shift to a lower octave and RUT will have a rendezvous with the 601 - 603.7 zone. Also, note the superimposed levels of both extension scales at 603.7.