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.