Bulls win for the months ahead if the slope of the 150-day continues higher. Bears win if the slope of the 150-day moving average is down. Watch this closely into year end. The ramifications are huge. Not only for the small caps but since they typically lead the broad market, a positive slope will point the way to further upside market joy with the central banker party continuing. A drop in the slope, and note the 150-day is well off the September high for the slope, indicates that the small caps are going down the rabbit hole and the broad market will follow. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
Note Added 7:14 AM on Tuesday, 11/25/14: The RUT closes smack-dab at 1187 so a critical bounce or die decision is on tap for today. RUT will either pivot higher or pivot lower from 1187 identifying the market winner going forward.