With RUT at 917.82 as I type and without any clear reversal patterns in place, the risk is to the upside. Is this buy-the-rumor-sell-the news?
The money flow of large players continues.
Next target on SPX: 1525 or so– the expected completion of the inverse head and shoulders that dates to mid-November, 2012.
Would one go short then? Sell a call and try to cover it later in the day.
RUT Intraday One Minute Chart with Volatility Reading
RUT draws a line in the sand at 917. After this image was taken, the RUT lifted from precisely this line.
Also note: when Apple is up, the indexes are down and vice-versa. Tomorrow, we might expect Apple to rally and the indexes to falter. The strong money flow is finally leveling off; but still no sell off in sight.