Russell 2000 Finishing an Ending Diagonal
It appears that the Russell 2000 is approaching the end of subminuette wave 5, which has taken the form of an ending diagonal. Once completed, it should begin minor wave X.
Of all the major indices, the Russell 2000 appears to be closest to finishing subminuette wave 5, so it may be leading the market. Subminuette wave 5 in the Nasdaq 100 also appears pretty close to completion. The S&P 500 and the Dow appear to be lagging behind the Russell 2000 and the Nasdaq 100, with the Dow lagging considerably far behind.
Of all the major indices, the Russell 2000 appears to be closest to finishing subminuette wave 5, so it may be leading the market. Subminuette wave 5 in the Nasdaq 100 also appears pretty close to completion. The S&P 500 and the Dow appear to be lagging behind the Russell 2000 and the Nasdaq 100, with the Dow lagging considerably far behind.
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