Whereas the other US indices have broken prior recent lows, the Russell has not. It counts deliciously here and looks nearly textbook in both shape and proportion. Elliott himself would shed a tear, i believe.
The retracement today came right to the 78.6% fib on the nose, suitable for a 2 (that’s the green one down there).
Target for minor (green) 3 is the orange box.
(I just noticed a
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