andrewunknown
Short

Russell 2000: Relief Bounce Before Resuming Lower

ICEUSA:RJ1!   Russell 2000 Mini
121 2 1
R2k catches a bid at 1008-1010 May 22 all-time high resistance turned support. Base thesis
for intra-pullback bounce here to 1023, 1030 horizontal resistance before turning lower
through 1008-1010 toward channel support/May-July descending broadening formation
support comes into play near 980-985, where the question of the latest uptrend begun in
November 2012 will be contended over.
Patience...
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Thanks AU. Right on time.
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