RUT Russell 2000 Small Caps Weekly Chart Overbot Rising Wedge Negative Divergence

RUT Russell 2000 small caps weekly chart rolling over from the overbot, rising wedge and negative divergence. Look at the importance of the 20 MA over the last couple years. 20 MA now 765 and moving up, so the confluence of horizontal support on both the weekly and daily charts and the 20 MA means the real test occurs at 775.

Note the lower trend line moving up thru 750 so a test, and failure, of 775, appears in the cards with the last ditch effort to stop the slide occurring at 750 in the days ahead. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.