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Russell 2000 with an Objective of 740 ($RUTX $RUT $IWM)

July 26, 2012

The Big Picture:

Russell 2K broke its Head-and-Shoulders neckline and has a theoretical price objective of 740.

The Short-Term Picture:

haDelta displays a very timid bullish crossing, deep in negative territory. Any upswing has potential to hit the downtrend resistance. That moment may correspond to the index going back to the neckline.  A bearish picture here…

 

Russell 2000 with an Objective of 740 ($RUTX $RUT $IWM) 7/25/2012

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