Russell 2000 ($RUT) incomplete bullish sequences calling the rally

RUT-RUSSELL-DAILY20161023043731

Hello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave charts of Russell 2000 ( $RUT). We're going to explain the structure and see how we guided our members through this instrument. The chart below is $RUT daily update from 10.23.2016. Price structure is showing incomplete bullish sequences in the cycle from the 943.63 low. Fifth swing ended at 1261.11 high as a expanded flat. Our Elliott Wave analysis suggests that the index's  doing 6th swing … [Read more...]