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.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiE-i-i6whMz0wtSUkxJycUbQJcfUrjFFpwfP4d5pPOVFdhO-3Yt0L4l8O3j47WIB9C8FyZgMzFhQ6Sbzh1DkQynWPV3gJBh46YwzpqZ4_Ae6cHiXUQpkzirJLDSZqflNQywsusYQR4hYNK/s320/0binve-001-201.png)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvtogWP7oNb4hyphenhyphensX8hG7bOB4rTjQrvceD7OXG2mO_gMuOCYRmDbc1dcjzxMD-X-cSGFmY_fWB9vMhyJPVPO4fTTi2NT8iGBaVrtZUdsqoOb3-EE_qkXkW6SmDvgAjwP8gYtc-Dsm7N3omn/s320/0binve-001-202.png)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhRGXlndGsIFKeZBA3sEFh7RMGZx6EHHNf7BwXEFmPgJbbG8NN6weC5qTK5_n3aIH_OKfuTRAD4B0jMOsDNgWCLU7TjM6xiUO-Vqee7ZQrkL4_27v7nhhb1yo5jr6W0aAsq4fl8Clipu481/s320/0binve-001-203.png)
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.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZaZ5xxAPYYTYy2xGdVg63dOnR0TP8kb5Vio-J49R3ykKh7Gfhg4acKeM4c7wkaJgzeV7zp5PzTkxE-kHMci9a1KERQbds7-Bl9I_MlZ1-tD6ex58YiDlqk8z329C0qBuqb-GwaP0TmmOs/s320/0binve-001-204.png)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg4IQ_e7FQbi1mFH9mWNPehvvl2i7EHJd6WFVyE7wDKP5zA9TTWq0z9geAChaFeb0qCP1YGRLty6hhtlrUGulOzCHNtL99dhYUmiQ0hDntywVvz6y1GLdpVzPT198JnShTwu4BlzzLm9uar/s320/0binve-001-205.png)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiHP97Xj07RGzeNr47uvtFJfXG6BuRKg1z_R7rMLHp5qgZGDOEjwF7d0R3vWnIHVKkASGir_AZq04mDwUEg6BGgdya1uwmmL3HDpLSIm4lzl-xyNSS8rsfcyYdUC-UloLWVljIsBkTtWBl9/s320/0binve-001-206.png)
I think we have one more high tomorrow and then things begin some serious downward movement.
.... I mean: GO BULLS!!!!!