Russell 2000 is moving up as predicted in the post below. It appears that there is another week of upside to complete Wave 5 around 1750 after which there are two possibilities:
- Russell 2000 would have completed Wave B started in December 2018 at around 1750 and will then drop big in Wave C down to 1280 (as shown below).
- Russell is in an uptrend and the current movement from August 2019 is actually Wave 3; Waves 4 and 5 are yet to follow.
Regardless, Russell is expected to drop to 1600 after the completion of the fifth wave in both the scenarios.
- Russell 2000 would have completed Wave B started in December 2018 at around 1750 and will then drop big in Wave C down to 1280 (as shown below).
- Russell is in an uptrend and the current movement from August 2019 is actually Wave 3; Waves 4 and 5 are yet to follow.
Regardless, Russell is expected to drop to 1600 after the completion of the fifth wave in both the scenarios.
