View: content.screencast.com/use.../RUT92313.gif

Why this time is different... 

RUT 1 year daily chart 

First, notice the horizontal lines which served as resistance and then support as we have stair stepped our way up this wedge over the past year. In the current case, the horizontal is failing. 

Next, we are at the top of 4 year RUT channel again. The last time we came into contact with the channel line was the summer of '11, which led to a large selloff. Combine that with the fact that a break of the rising wedge should lead to a sharp selloff in its own right. 

The logical conclusion is to expect a selloff to the point where the LT horizontal line running through the 5/11 and 9/12 highs connect with the bottom of the 4 year channel. These lines converge around RUT 875ish in mid-October. See you there.