Intraday Update on Russell 2000 and S&P 500 Indices

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The Russell 2000 Index is in demand, so far, today, as shown on the one-day comparison chart below with its fellow Major Indices.

The RUT:RVX (Russell 2000 Volatility Index) Daily ratio chart below shows that the Russell closed above its downtrend resistance line yesterday and has advanced further, so far, today. The question is, can it hold onto its gains by the close today, and thereafter?

 

The SPX:VIX Daily ratio chart below shows the S&P 500 Index near the top of this week's action, so far, today…one to watch to see if it can advance and hold above its near-term resistance level of 92.50.