After breaking out above the 620 level two weeks ago and running as high as 635.99, the Russell pulled back toward the end of last week, closing just above 625. If equities can remain strong this week, look for this pullback to be another buying opportunity with an entry signal on a breakout of the 630 level. 

A continued rally in the Dollar will confirm a move higher in the Russell. The next level of resistance for the index is 650, which is a level not seen since October of 2008. We remain moderately bullish on the index.