Weekly Analysis for #RUT for 15-19 March 2021

Trend: Daily/Weekly/Monthly: Up/Up/Up

RUT is strongest of the 3 US indices. Expect rotation to continue and RUT to lead. I don’t and can’t call tops. But some signs point to pullbacks.3 possible scenarios:1) As long as 2363-77 resistance zone holds, look for shorts targeting 2259-91 support zone. This zone should hold for a next leg up, to 2435-51.2) We have a fast rally from open to 2435-51 resistance zone, by Tuesday or Wednesday, where we see a sharp rejection for a strong move down to 2259-91.3) We open in Globex and sell off start, targeting 2227 before a bounce to 2259-91 and further selling to 2147IMO, scenario 1 is most likely.