RUT - An Accumulation All Along 🧐

Doomsday bears have been looking for RUT to go much lower and cheering every slump but its been an accumulation all along.

Finding support on the 0.382 retracement is BULLISH and that is also cycle top support.

Now in a tight circled price band - this is patterns within patterns; an accumulation within an accumulation.

Somewhat bowl shaped and plenty of chop show that this bear market was nothing but a retracement to then move on up.

Bullish divergence since the impulsive low BACK IN MAY, now looking to push into the upper quadrant to get the show on the road.

The circled accumulation is printing just below the 50 week MA - good chance it will pop above soon enough and the "Mark Up" bull market will be underway.

Last slump was a re-test of the Supply Line also printing a Shakeout Reversal Pattern through support and 0.382 to then move away from the area and print the accumulation.


Its all there - will be moving on up soon enough 😼.

Not advice.