Monday, May 23, 2011

Russell 2000 Index (TF) Daily 5/23 10:00 AM CST

It looks like we are on the Russell's last chance at some support here around the 812 level. If you had been in short from the divergence formed between the 4/6 and 5/2 peaks, than its a good time to pull some off here just in case. I think eventually we will head down to the 770 level where we see previous strong support and the 161.8% extension level. Big test for it today and next few days here first though.

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