February 5th, 2016: RUT Wave Count Update
Posted by pugsma on February 5, 2016
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SCI-SCV, SCA-SCC: Super Cycle
C1-C5, CA-CC :Cycle
P1-P5, PA-PC : Primary
[1]-[5], [A]-[C] : Major
1-5, A-C : Minor
(1)-(5), (a)-(c) : Minute
i-v, a-b : Minuette
Primary Count:
White/Green (Bull Market)
White/Red (Bear Market)
Alternate Count: Blue
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Posted by pugsma on February 5, 2016
12:15 pm EST: Here is a quick update on the Russell-2000 (RUT) wave count. It looks pretty far advanced within the PC-C2 wave. The Head and Shoulders topping pattern and 50% Fib Retrace for Cycle 2 (C2) come in around the 856 pivot.
RUT Daily Chart:
RUT Weekly Chart:
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