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January 1st, 2015: RUT Weekly Chart Update

Posted by pugsma on January 1, 2015

6:50 pm EST:  RUT continues to march higher towards its large (6 year old) Inverse Head and Shoulders (IHS) target of 1370.37, which also agrees with the E-Wave P5 = 0.62*P1 target of 1366.58.  There is also smaller (1 year old) IHS with neckline at 1200, head at 1040 and target of 1360, again agreeing two the other two targets listed above for the completion of P5-C1-SCV.

RUT weekly chart (12-31-14, EOD):

PUG RUT weekly EOD 12-31-14

 

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