Remembering the Forest picture...
Sept 2014 is gone, another completed monthly candle to continue the story
8 days ago when Russell daily chart shown a broke of long term uptrend line, i am graceful enough to extend it til the end of the month (using a log scale)
However, it seems that on monthly basis, Russell 2000 is making a full clean monthly break of uptrend line.
The next immediate major support that was tested twice is around 1076
Failing to hold that and if RSI move below 50, we are going to really see some bloodshed
Sept 2014 is gone, another completed monthly candle to continue the story
8 days ago when Russell daily chart shown a broke of long term uptrend line, i am graceful enough to extend it til the end of the month (using a log scale)
However, it seems that on monthly basis, Russell 2000 is making a full clean monthly break of uptrend line.
The next immediate major support that was tested twice is around 1076
Failing to hold that and if RSI move below 50, we are going to really see some bloodshed
