BTW, just call me binve the bull!!!! RAHH RAHH SIS BOOM BAHH!!!! GO BULLS!!!!
Well the RUT made a new 52 week high today. So it is still in it's P2. But like I was saying last night (Russell, Russell, Russell):
Yes, the Russell could make a new high. And Yes the rest of the indices can still be in P2 if the Russell makes a higher peak.
So lets first see what the Russell looks like:
We have a 5 wave move for the last 5 that looks like it could make a higher high. I think missmalibu's prediction will be right on. One more high before the fall. 60 min indicators are sporting divergence.
Next the SPX:
I know a lot of people are counting Minor 2 as an expanded flat, but I dont' buy it. Unlike the RUT, the rally the last 2 weeks on the SPX does not look impulsive to me. Could I be wrong? You bet!! In fact, if you want to use history as a guide, the fact that I say it doesn't look impulsive means it probably is. But it looks like a correction to me. 60 min here is also sporting divergence.
I think we have one more high tomorrow and then things begin some serious downward movement.
.... I mean: GO BULLS!!!!!
