And $RTY Looks Equally Miserable

As with some of things I just discussed, I want to add to that discussion by looking again at the Russell.

The rally from the 6/16 low looks awful, a clear slop of 3-waves (for orange “2”). And it was followed by a good impulse wave (green 1). And from there, slopfest. Not a good look, and not a good bottom. Combine that with the H&S here, and the near channel strike (that purple structure) and it makes me think the pulse above the 2018 & 2020 highs is a nice, fat trap.


I don’t like how this looks, and I think it will fail.

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