Looks like an important 4th wave low was made last Friday in stock indices and looks especially bullish in RUT. Though it had a 5th wave (of 3) truncation while other indices were making 3rd wave highs the patterns don't necessarily have to line up together as they have their own wave structure. Today's strength seems like the beginning of a 5th wave kick off of larger degree, and RUT should eventually take out it's recent high above 1603 if not take out its' all-time high. Despite COVID-19 worsening, depression like economy, the generally anticipated election volatility speculation-sentiment is lopsidedly bearish, so that's especially bullish with consideration where the indices generally are in wave patterns. We have 3 waves up to new highs from March lows that can't be counted as an A-B-C pattern. That is not the case for RUT because we're well under its' all time top, but in a 5th wave will likely to at least make a new high above the last, if this is a completed 4th wave, than a 5th wave of intermediate degree is due. Making new lows in the S&P under 3233 would mean wave 1 overlap and a top is already in place. However, there are numerous bullish divergences especially in weakening VIX (topped Friday 9/4, fell 35% while stock indices were making new lows a week later Friday 9/11) and its' derivatives.
ProfitHarvest
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Awesome
akatsiya
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I love you, no hate
What kind of sources do you want?
Do not you agree that the Rut is dying and NASDAQ is thriving ?
20 years ago small businesses made sence, nowadays no
There was no covid 20 years ago
So the comparison is not fair
akatsiya
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The ratio is high because you divide thriving index by dying index
What is your point?
The situation is different now
The world has changed
akatsiya
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Dot com bubble was a technological bubble
Why do you need RUT?
Can you compare Nasdaq to NASDAQ?
Rut is dying now but nsdaq makes money in corona virus world and will continue making money in post corona virus world
TayFx
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I have plenty of posts on my twitter that says other wise. Well sourced also.
TayFx
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@akatsiya, honest and simple answer. I can post charts that tradingview cant formulate. Ive been down this road a million times. There's plenty of charts that will open your eyes and Mayne allow you to see my point.
@akatsiya, Never has this happened in history, that's common sense. But the affects of the QT, letting inflation run rampant, will lead too stagflation. Thats my only point. If you want tot correct me, I love sources, links, charts etc. Dont just dry hate 🏆