Yesterday I took a 200% Long RUT trade based on the fact that the Dow closed yesterday with an RSI-2 reading of 3.64%. This was about 90 points less than the previous day's 94.02% reading from the S&P 400 mid cap index. 90 point one day moves in correlated RSI-2 values among the 8 indexes that I track, have a very high historical likelihood of a next day reversal. That is happening today, so far, in spite of some negative Fed governor "taper" comments. (Will they ever just finally shut up and go away for a while????)

At the moment the RUT is up 0.97% (2:18 pm) and is above its 9 day ema line. This is an exit signal for me. There is also a resistance line on the 60 minute RUT chart that is just above this level.