RTH price rising on steadily decreasing volume - any help here?

Discussion in 'Stocks' started by Allspread, Aug 17, 2008.

  1. Looking for a little analysis input ...

    RTH has jumped from 90.08 to 97.59 in the last 5 trading days, each day on succesively less volume with the RSI now approaching overbought. Any of you TA guys want to give me an opinion on the price action here? I'm looking for some opinion on future movement in the next 1 to 2 weeks.

    Chart here:


  2. likely to just consolidate here in this wide range. well if there is a massive run up in oil then it would take down the rth but for the most part that volume on the day it moved up was massive.