Russell 2000 - still climbing

23 août 2018

I initially thought that the corrections that began in 2018 in the US indices were going to shape into much bigger and longer corrections but the upward movement has been so relentless that I have to think now the correction finished back in March and at least in small caps we may have been engaged in a 5th wave since then. According to this count the Russell 2000 may still have some room to run whereas other indices I'm not so certain. I thought it was interesting (to me at least) how the Russell has hugged and bounced either side of the median line of the Schiff pitchfork that originates in 2009.

3 sept. 2018

Note

Just playing around with Fib extensions and retracements present this a possible top as well.