Market Outlook RUT for Sep 14th '07

60mins:
Dominant time frame.
AdStoK is looking good but white line is already overbought, indicating a lack of momentum to go much higher. Entropy is also very much hesitant.

This narrow trading range is bound by:
Support: 781
Resistance: 788, then 797 although it seems it won't have enough steam to get there.

Daily:
Same trading range, with a weak negative bias.
The 800 then 812.5 key levels must be broken to see a clear direction emerging.
On the down side, 781, then 765... down to maybe 750.

Weekly:
Negative bias is getting stronger, but no panic just yet (the dominant time frame is the 60 mins chart right now).
RUT can very well bounce on the Daily support levels above.

All 3 Swings are down.