Browse Symbol Stacks: $RUT: content.screencast.com/use...RUT111813.png

$RUT Daily Chart 

This setup looks good for the bears. The Russell did not exceed its October high, forming a nice negative divergence with SPX. Also, MACD on RUT is showing a large negative divergence with the Oct/Nov highs. Combined with overbought territory, there is plenty of room to move lower. The key here is that any substantial short term weakness will cause the large rising wedge to break lower, opening the door to a substantial downdraft. 

My target area continues to be in the 875-900 area show in the purple box.