Looking at my charts for RUT and SPX (I typically trade monthly spread options on the RUT index) and they both suggest strongly to me that we are headed for a downtrend in RUT over the next 2 months before settling around 770-825. If RUT breaks 770, could go all the way to 600 if its a really bad drop. Normally I wait for dips and then sell puts below the dip settling, but haven't had the balls for it the past few months as RUT has just gone so high. Now I think it is due for a big reversal. Probably going to buy the same spreads I would normally sell. Thoughts? I don't have a good enough feel for SPX to target where it may settle, but the two often move similarly.