05/07 RUT 50-Day Condor

Today RUT took a dive. I was looking at it and anticipated a move down if we broke Yesterday's Low. Which we did. Now we stand a chance to back down all the way to 480. My thinking is that there is plenty of support in that area, so it may stay there for a few days. It can always snap back up, so we'll see. One way or the other, the condor is in good shape.