CosmicDust

IUX monthly - now more like kiss and bye case - 4/30/2015

INDEX:IUX   Russell 2000 Index
iux
59 1 3
iux
Small cap was not able to go above blue resistance this month, and looks like it is backing down.
cfetrader
2 years ago
This is an amazing chart. Very good observation. Since 2000 (end of wave (III)), markets are in a wave (IV) bear market and from the chart above we can clearly see the correction unfolding as an a-b-c-d-e formation (e about to take place), or viewed differently as an a-b-(a)-(b)-(c)&c . In Nasdaq the counting is slightly different after 2000, that is A-B(1,2,3)-C .
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