On the SPX, we know that breaking above 1177 - 1180 decisively could bring us to 1191.16. The key resistance after that is 1200.23. So let us worry about these levels for now.
On the RUT, what surprised me is the ability of the market to break through 647 - 675 with relative ease. At the moment 693 is the key resistance level to watch. The chart looks ugly for the region between 693 to 718.53. It looks to me that this the most likely index to pullback first...
Any attempts to reach 718.53 could look more like a grind up.
