[RUSL] update

Note: This is written from the hotel bar after a long day of training at my new job (no I do not work at a hotel ; ).  Double Captain Morgan [of course] and diets are flowing.  You have been warned...

At the backlink I provided the chart below.



Current chart is below. While you might think I would be happy with such incredible model price correlation, I'm worried because the shape of the chart is not as expected.  The plunge looks motive  not a-b-c corrective and the move back up so far:
a) looks corrective and
b) is up against significant resistance

Both of these views are better demonstrated using a slightly zoomed out chart per below.  Look at that gap down that gapped just below the top rail and then a-b-c'd its way back up to kiss the upper rail from below.  Not bullish folks.

Because of this I would be a seller at today's close and be looking for a big move down as shown.  But if that happens, buy buy buy as Cramer would say.  Also, if this can break out of that top resistance line instead of breaking down as shown then it would be a buy on any pullback that remains above the top rail.