Russel 2000

17 Dec 2018 ‚óŹ 05:58 AM

Russel - The US small stocks, high beta, index, broke the neckline of the H&S and started wave 3 of 3 lower. Now apart from minor wave ii of 3 up to retrace maybe the last 2-3 days decline the larger trend is strongly down. So in this case it is impossible to even anticipate a minor wave ii, unless it happens. In short the US market based on this chart and the Transports displays a very weak trend. The main indices have not broken the 10-Dec lows and once that happens the selling will only accelerate to the downside. This maybe a lead indicator of what is coming.

russel 171218

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