OK, I have been bearish the past few weeks on the RUT; however, the RUT is beginning to look BULLISH…
At the beginning of a cycle the RUT leads and at the end–lags; which is the case now…
Nevertheless, the MACD is ready to make a BULLISH cross above zero–this is BULLISH
The slope is curling back up in BULLISH fashion and the RSI 14 is consolidating above 50 in BULLISH form…
Confirmation is a breach of 1392…

I have been trading this TZA channel and in the past would be buying right now…
Not this time…
I expect the lower support to breach to the downside…