$RUT Hourly Chart 

Just so you don't think I've lost my bearish mind, here's what I'm thinking short term on RUT. I took a bit of flack for being positioned long this week... I was early, but I still think I'm right. Looking for a bounce up to 1190 area before starting the real decline next week. I think we're going sub 1080 on the RUT at the end of July, and looking for a 2011 style flush at the beginning of August.


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