The Next Important Tests

By Tim Knight

Since I’m super-short right now (70 different positions and nearly 300% margined), I thought I’d put up a brief post to examine what the next important “break” level for the Russell 2000 would be. Specifically, we need to break about 1335, as highlighted here:


And, assuming we have the good fortune for that to happen, the next key test will be the lower channel trendline, which is around the 1300 level.


Not to get too far ahead of ourselves, but break THAT, and we can really look toward repeating the kind of event we saw last time a channel failed:


Subscribe to NFTRH Premium for an in-depth weekly market report, interim updates and NFTRH+ chart and trade ideas; or the free eLetter for an introduction to our work. You can also keep up to date with plenty of actionable public content at Or follow via Twitter @BiiwiiNFTRH, StockTwits or RSS. Also check out the quality market writers at