RUT Russell 2000 Daily Chart; Battle at the 20 and 50-Day MA's

Traders push the Russell 2000 small caps to and fro to begin the new week of trading. The bulls win if price pokes up through the 20-day MA overhead resistance at 1683. HOD is 1682. The bears win if price collapses below the 50-day MA support at 1674. LOD is 1672. The middle is noise. The broad stock market will likely follow the break-out, or break-down, direction of RUT. Price is at 1680. 

The bears sent price lower but could not create the failure through support. The bulls test the resistance but could not amass the oomph to push higher. The battle continues. 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 at 12:21 AM EST: The RUT is teasing the break-out printing at 1683. The price action here is very important. Bulls must prove that they can take the stock market higher by punching up through the 20.