Russel 2000

27 Feb 2019 ‚óŹ 04:31 AM

The US small stocks index the Russell tried to get past the wave IV high of the 4 month crash. A little over 66% retracement. It gave up yesterday with a negative divergence in the momentum. So a very good chance now that the rally is over in wave 2 up. A ferocious wave 2 rally, and the risk that wave 3 down starts. I cannot argue for a time wise distribution in wave 2 because it was the strongest vertical rally amount the few on record. So odds are higher that the next declines carries the same speed and rising volatility.

russel 270219

Comments (0)


Latest Articles