The RUT Index May Be About to Pull Back

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Here below is a synoptic view of the DAILY situation for the 3 main US indices: the RUT is the one that appears to be overbought (82% probability of DAILY reversal).

At the close today, the RUT Index was showing this scenario: 3 days up, closed at 2263.41, the time model (right hand side) shows 87% probability of reversal after 3 days up, when this particular trend pattern is encountered.

The price model is at 77% probability of reversal.

Overall, combined probability of reversal for tomorrow is = 82%.

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