Today we will analyze the index RUSSELL 1000 INDEX USA (RUI) for internet stock trading in the INDICES stock market,
Stock Technical indicators to notice in RUSSELL 1000 INDEX USA (RUI)
1- Last bearish trend was from 1,031.81 $ (1/15/2014) to 972.82 $ (2/3/2014) a 58.99 $ move 2- The current bullish trend started from 972.82 $ at 2/3/2014 and is currently trading at 1,050.06 $.
3- RUI current support level is at 1,047.86 which is the 127.20 % fibonacci retracement of the last 58.99 $ move.
4- RUI current resistance level is at 1,068.27 which is the 161.80 % fibonacci retracement of the last 58.99 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
RUSSELL 1000 INDEX USA (RUI) Short term stock chart patterns for internet stock trading :

6- The Index was supported by a support line, identified by two points: 972.820 and 924.380, and is currently supporting at 987.536.
RUSSELL 1000 INDEX USA (RUI) Mid term stock chart patterns for internet stock trading :

7- The Index was supported by a support line, identified by two points: 747.460 and 705.300, and is currently supporting at 868.763.
RUSSELL 1000 INDEX USA (RUI) Long term stock chart patterns for internet stock trading :

8- The Index was supported by a support line, identified by two points: 705.300 and 639.810, and is currently supporting at 927.966.

Stock Trading Conclusion:
RUSSELL 1000 INDEX USA (RUI) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 1,068.27.
Stock Support levels : 1,047.86, 1,031.83, 1,031.81, 1,020.55, 1,011.44, 1,009.28, 1,002.33, 1,002.32, 995.35, 987.54, 986.74, 972.82, 927.97,.