RUSSELL - Looking Bullish..
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US2000USD Completed a major pattern yesterday so its set up nice for more upside. We do have the big data days coming up on Wednesday/Thursday which can change things but this is where we are for now.. Enjoy the day.
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After the nice rally from the pattern completion it has come all the way back down to make a new low. We have less fireworks in the way of US data this week so it might be a bit easier to get on board either way.
The next chart will have the update as to where it could be going next.
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Waiting for a low to come in then buy a decent rally PB. Can still be Bullish or bearish we just need to wait for the next move.
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We got that last low we were looking for and the rally. Now we wait for a top and an ABCD PB that could get back down to the 2k level but we just need to watch for a pattern to give us the area to buy.
Enjoy the day.
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Watching for intraday turn points today..
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The Russell is still working through the correction so we have to wait for a direction on this one. I will post intraday updates as we go through the week.
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With the NASDAQ getting weaker after leading the way to the upside the roles seem to have reversed with the RUSSELL closing above 3 Standard Deviations which is very rare. If you're in it good if not its best not to chase and wait for a PB.
Enjoy the week.
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