Now, if we don't even look back, that is not a good sign, it will indicate the bear is out and looking for food.
I'm attaching a few 1-hour chart for further discussion. I'm using the Mini futures, as they provide 24h trading and one could see what overnight sentiment was (if any).
First a "longer-term" view. Notice that the 475/480 price zone was the resistance to the previous up-movement, that in itself would be argument to expect it to be support as RUT comes back down.
Now I'll post a few charts with possible scenarios.
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