$RUT at confluence of trendlines.

Although I wasn't expecting this morning's pop in the markets, I shouldn't have been surprised. The Irish woes have deepened, and the PPT probably is fighting a market drop. $VIX went up sharply, and so did the markets at the open, something that probably shouldn't ordinarily happen.

But the Russell is at a place now where three trendlines (two magenta and one green) are very close together as you can see, and that should be a nearly impossible place to make much further progress, I would think....

End of day update: Move went parabolic after my earlier posting, I have updated the chart to show where it ended up. It's at a hard resistance now, if it doesn't turn tomorrow than all logic is out the window and new levels of fraud are operating in this market...