Russell Futures (RTY) completed its correction against the cycle from the April 2025 low on March 31. Since then, the Index has advanced decisively, reaching new all‑time highs while unfolding in a clear impulsive Elliott Wave structure. From the March 31 low, wave 1 terminated at 2557, followed by a measured pullback in wave 2 which ended at 2467.8. The subsequent rally developed into wave 3, itself subdividing into five waves of lesser degree, confirming the impulsive character of the advance.
From wave 2, wave ((i)) concluded at 2674.5, while the retracement in wave ((ii)) found support at 2591.8. The Index then extended higher in wave ((iii)), reaching 2828.7. A corrective phase in wave ((iv)) completed at 2760.7. With this structure, expectations remain for a few additional highs to finalize waves 3, 4, and 5. Completion of these movements should mark the end of wave (1) in higher degree, thereby concluding the cycle from March 31. Afterward, a larger corrective phase is anticipated to adjust the cycle before the next sustained leg higher unfolds. In the near term, as long as the pivot at 2469.4 holds, dips should attract buyers. These retracements are expected to occur in sequences of three, seven, or eleven swings, offering opportunities for further upside participation.
