CLICK ON CHART TO ENLARGE
The week is NOT OVER WITH in the “Weekly chart” above….At this time the Russell has created what looks like a rather large bearish at key resistance. I would be concerned more than a small bit, if support happens to give way and it pushes much lower.
Hoss…Russell last week closed below resistance and above support, in a very tight jam for sure. This week it broke above falling resistance drawn from its 2011 highs.
How did the close of the week affect this, if at all?