PUG Stock Market Analysis, LLC

Elliott Wave Technical Analysis and Commentary on the Stock Market

November 19th, 2015: Russell-2000 Wave Count Update

Posted by pugsma on November 19, 2015

12:30 pm EST:   The Russell-2000 price ended at the 50% Fibonacci retrace of 1199.29 for the Primary B (PB) of Cycle 2 (C2) wave and has formed a large Head and Shoulders top pattern with a target of 909.19, which agrees with the 50% Fibonacci retrace for the completion of the C2 wave at the 856 pivot support.

RUT-2000 weekly chart:

PUG RUT-2000 weekly 11-19-15

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