Technical Analysis is Suggesting that the Russell 2000 is Very Near a Significant Top
Technical Analysis is Suggesting that the Russell 2000 Index (RUT) is Very Near a Significant Top. Combined Elliott Wave and Hurst Cycle Analysis of the Russell 2000 Index (RUT) by Sid from ElliottWavePredictions.com. Click on the charts to enlarge. When examining the Russell 2000 index since 1998 on a monthly (semi-log) chart (shown below), a […]
Elliott Wave Analysis of the TF Futures Contract – Russell 2000 – RUT – by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the TF Futures Contract – Russell 2000 – RUT – by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. Evidence is mounting for strong (wave 3) downward movement in the Russell 2000 to commence shortly: There were 5 waves down from the March 3 high (in the RUT cash index) to […]
Elliott Wave Analysis of the Russell 2000 Index by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the Russell 2000 Index by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. The Russell 2000 index is showing several technical reasons why a top may be “in”, or quite near: The choppy, overlapping, corrective movement since the October 4 2011 low counts best in my opinion as a completed […]
Elliott Wave Analysis of the Russell 2000 Index by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the Russell 2000 Index by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. Here is a daily chart of the Russell 2000 index, showing that yesterday’s session broke and closed below two major trend lines, one connecting the extremes of wave 2 & 4 blue, and the other connecting […]
Elliott Wave Analysis – Russell 2000 Index – Daily Candles. A lesson on how the MACD can assist in developing wave counts . .
Here’s my detailed Elliott Wave count of the Russell 2000 index since the July 6, 2010 low. Notice how the MACD assists in developing the wave counts by pinpointing the wave 3’s along the way. Also notice that each instance of “divergence” between price and the MACD line was immediately followed by a correction. Divergence […]
