Russell
SPX - major SHORT opportunity & TheBigDrop dates update
possible major sharp SHORT within next few days towards 3230
after reaching probable head of major H&S pattern and ATH 3674.8
we should be moving ZIG-ZAG within 3230 and 3580 range next weeks (if H&S pattern is developing) till mid February
dates and values are corresponding to my main analysis for Russell index (a link below)
however continuation of a sharp UP trend still possible from this point
RUT Russell - possible big short next days & long term vision
so far ATH head is 1817 and major H&S still in play
double top 1817 and 1809 is finished and reversal trend should be here, another smaller H&S could be forming with the 1809 head
we could have a sharp and quick DROP to 1540 levels next days (unless major steep UP trend continues following days!)
update of main dates for DROPS in January/April in the chart
RUT Russell ATH 1817 - a FINAL top of massive H&S - SHORT time!
today massive spike +7% to 1817.703 ATH on Russell - the middle of big H&S structure and major trend reversal towards the BIG DROP!
1817 beginnings of FED - the Second Bank of the United States founded
important days for H&S pattern in the chart
Elliott Wave View: Near Term Support for Russell 2000 Futures (RElliott Wave view in Russell (RTY) suggests the rally from September 24 low unfolded as an impulsive Elliott Wave structure. Up from September 24 low (1426.20), wave 1 ended at 1530.80 and wave 2 pullback ended at 1490.70. From there, Index rallied and ended wave 3 at 1617.70 and wave 4 ended at 1563.10. Last leg higher in wave 5 ended at 1651.70. The 5 waves rally ended wave (1) in higher degree.
Index is now in wave (2) pullback to correct cycle from September 24 low as a zigzag before the rally resumes. Down from wave (1) high at 1651.70, wave ((i)) ended at 1622.6 and wave ((ii)) bounce ended at 1647.1. Wave ((iii)) ended at 1597.30, wave ((iv)) ended at 1607 and wave ((v)) of A ended at 1595.50. Bounce in wave B has ended at 1648.40.
Index is now in wave C lower which subdivides as another 5 waves. Down from wave B at 1648.40, wave ((i)) ended at 1626.80, wave ((ii)) ended at 1648.40, wave ((iii)) ended at 1607.6 and wave ((iv)) ended at 1623.90. Expect another leg lower to end wave ((v)) of C of (2) towards 1557.5 – 1592.14 before Index resumes the rally higher or bounce in 3 waves at least.
RUT US2000USD - Mt Everest top 1647!
Mt Everest reached! Officially 1647
This should be a TOP of a massive H&S 1608 - 1647 - 1608 pattern
Short to 1550/1520/1490/1430 levels UP and ZIG ZAG from there to 1608+
Nov 6th - the presidential election - should reach the second shoulder levels
the BIG DROP should be around 8th/9th December in this scenario