Let's root for the RUT!!

Since the small cap Russell 200 index is the major index farthest away from taking out the last high it must acheive before it can possibly be called a >>> long term confirmed top, let's cheerlead the current rally while we wait on the sexy VIXens.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=rut&x=48&y=16&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

The way to play for the ave Joe is the ETF that trades under the ticker symbol IWM...which is currently more "sluggish" than the RUT. The initial downside target still visible on the 10 day chart is 134.65. I will update this blog if an actual sell signal is generated in either/both

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=iwm&x=36&y=14&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11