Russell 2000 Intraday Bullish Update

The Russell 2000 decline didn’t last long before it charged right back up, delaying  any bearish move in the short term. There is a good chance that the markets are on a wave 2 rally in Minute degree which means the next decline will be longer and deeper than what we have had so far. Oh, what fun, we get to start with another 1-2 wave set.  We should get another zigzag from wave 2 to wave 3 in Minute degree, which eventually should terminate on the “A” wave in Intermediate degree.

I’m sure this bear market will throw surprises at us, but the Russell 200o has been leading the charge down, giving us an early warning if we choose to use it.

Hits: 0

Share this...
Email this to someone
Print this page