Today we will analyze the index RUSSELL 2000 INDEX USA (RUT) for internet stock trading in the INDICES stock market,
Stock Technical indicators to notice in RUSSELL 2000 INDEX USA (RUT)
1- Last bullish trend was from 784.15 $ (4/10/2012) to 825.47 $ (4/27/2012) a 41.32 $ move 2- The current bearish trend started from 825.47 $ at 4/27/2012 and is currently trading at 788.92 $.
3- RUT current support level is at 784.15 which is the 100.00 % fibonacci retracement of the last 41.32 $ move.
4- RUT current resistance level is at 799.93 which is the 61.80 % fibonacci retracement of the last 41.32 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
RUSSELL 2000 INDEX USA (RUT) Short term stock chart patterns for internet stock trading :

6- The Index formed Double Bottom Pattern at 784.150 .
7- The Index formed a 59.040 $ height triangle.
RUSSELL 2000 INDEX USA (RUT) Mid term stock chart patterns for internet stock trading :

8- The Index was supported by a support line, identified by two points: 666.160 and 609.490 that was broken down at 816.880 transforming into a resistance line.
RUSSELL 2000 INDEX USA (RUT) Long term stock chart patterns for internet stock trading :

9- The Index was supported by a support line, identified by two points: 666.160 and 609.490 that was broken down at 816.880 transforming into a resistance line.

Stock Trading Conclusion:
RUSSELL 2000 INDEX USA (RUT) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 797.55, 799.93, 802.88, 804.81, 807.19, 809.69, 811.51, 815.72, 825.47, 834.68,.
Stock Support levels : 784.15, 784.03, 782.80, 781.58, 772.91,.