Russel

The Russel 2000 index was among the weaker US indices, and like the Transports it has achieved the point where C=A, and is at the lower end of a long term channel from the 2009 low. It did dip below the line but the question at the target is whether this is a throw under below the line, meaning a false break and the up trend will resume or a trend reversal. We need more evidence as at point C we cannot rule out that a throw under leads to a bottom.