The Russell 2000 crash is moving right along as it seems to be leading the pack. This is also one of the only indices that seems to be displaying a good looking impulse wave. Looks are "always" deceiving, as all it takes is to start a count from the wrong wave and we can end up chasing an impulse that in reality is an expanded flat.
Right now the RUT has crossed to a new bearish low as a 3 wave crash which means that a 4th and 5th wave should still play out. Then we still have one more set of a 4th wave in Minor degree to play out, before this impulse can be close to getting confirmed.
I have two parallel trend lines and this impulse would have to crawl along the bottom trend line for a bit. At this time my Minor degree wave 1-2 is still too big and wave three would still have to stretch to make this impulse fit better. In the last month or so the decline has a steeper angle to it which also suggests that this can be a zigzag.
Some say a crisis is in the making, well, we will not know that until after it already has happened.