The opening was a small breakdown that produced some sell off into the afternoon, but RUT performed much better as expected. The index bottomed out quickly in the morning and led the afternoon rally later.
The rally was a high probability event, so I positioned in RUT accordingly... we tested the breakdown , I closed all my positions near the high of the day. We then sold off into the close which was also obvious from the trend structures.
The bigger setup which supports higher prices over 1050+ on SPX is still intact. I will be looking to initiate longs in YM (Dow emini futures) and TF (Russell 2K emini futures) going forward.
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