Elliott Wave 5.0 "Reboot"

Wednesday, January 27, 2016

Russell 2000 Bear Market Review: Leading The Pack?


This is the month of March for the Russell 2000 contract and its bigger pictures fits into an impulse the best out of all other indices.  My degrees are also a bit higher, but overall we are at a potential 4th wave rally and one more leg down should happen. If that happens then it will also mark  the end of another higher degree. 

I would be pushing it to the max if I though the Russell 2000 would end on a 4th wave bottom and then roared to new record highs. If the extreme high was a "B" wave in Primary degree, then yes, we could be in for 5 waves down in Intermediate degree, but at the same time we could be leading into a wave 1 in Minor degree which would send us to my leading "A" wave in Intermediate degree. 

This is all pure speculation on a few potential wave counts, but it will be important if and when this new low arrives to be ready with the next move.