Russel 2000

A triple top probably completes wave 5 as an ending pattern, or is this just wave 1 of 5? The monthly charts sport a negative divergence in momentum for the new highs. A break of the June low of 1630 should further confirm a larger reversal in the trend. The triangle in wave 4 puts us in wave 5, the final advance to a trend. The Russel along with the Nasdaq was the best performing US index recently.