Short

RUT looking for a reject price level

H&S pattern confirmation, price action is wild. RUT has formed multiple gaps towards the upside. However I don’t think it’ll have the momentum to continue. It does look like RUT is aiming for 2222.20 price level. Depending on how it will close, We may see a test and reject down the to 2145 level.

Important price level to pay attention to:
4HR candles closing below 2210.68, I’d BTO puts for $2145 weeklies;
4HR candles closing above 2289, we may have a run up to 2394.23

DRlPPy

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