Update - Get ready 3:05. if SPX gets thru 1160 it may get somewhere.
Let's give this a try. first of all you have to throw the bullish reversals on the daily indicators out the window. Let's focus on trendlines and resistance levels.
RUT Daily - Red line is the bear market upper resistance line. White line at 750 is in a resistance area from October of '08. Sky blue lines are the P2 wedge narrowing. Green wedge is the last move up (what I an calling the sucker's rally) off the February lows. Yellow resistance line is the top trend/resistance line set from the top for this fall. All gray rectangles are gaps. Now transfer this to the chart below.