RUT made its top at 859 on 4/6 last Wed. and since then it has been down hill. While RUT was making an all time high SPX was no where close. It made its high at 1339 and it also has been down and dirty. We have now declined for 4 days in a row and RUT closed at the modified (close less than LOD +0.5 ) definition of low of the day today. That has very good probability of producing a plus day tomorrow. Also after 4 down the odds are very low we will get a 5th down day. The second day of the rally after 4 down days is strongest. In short I expect tomorrow to be plus and Thursday to be plusser. ( New word ).
My conclusion is a rally is imminent. We will see it as soon it happens.
I am bullish but not blindly and will be watching the indicators keenly.
Thanks for reading my blog