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Not much to say as the waiting game plays out. Time, time, time is all we've got now. I will show you one interesting chart of the RUT.
RUT Weekly - First, the blue and green upper diagonals are resistance for the move off the 2009 lows. they are the firewall. They reversed price last time and we're setting a pretty little double top here. Weekly on the MACD you can see at the red timeline where the overthrow (into true bullshit land) started at the break of 853 in January. Note the histogram is still negative and diverging indicating there is little to no strength to this move at all. The rising yellow wedge is in a massive and fraudulent overthrow that is screaming end of the run.
She's bout to blow! Here is a closer look at the top of this chart. Notice the blue line on the MACD Histogram continuing to neg div. This is a big deal. That weekly bear cross on the MACD is not good either.
I'll post more if I find anything. I may go deep into the chartbook this weekend as it may be time to start snooping around to see what's out there again.
Thanks for another great week on the blog.
Enjoy the weekend.
GL and GB!