RUT Russell 2000 Short-Term Elliott Wave Analysis

By: Elliottwave-Forecast | Wed, Sep 30, 2015
Print Email

Best reading of the cycle suggests that the decline to 1105.9 ended wave ((W)). From this level, the index bounced and ended wave ((X)) at 1193.85. The index has since resumed the decline lower, unfolding in a double corrective structure WXY where wave W ended at 1124.75, wave X ended at 1146.72, and wave Y is in progress towards 1060.71 - 1077.14 to complete wave (W). Once wave (W) is complete, the index can see a larger bounce in wave (X) to correct the decline from 1193.85. As far as wave (X) bounce fails below 1193.85, expect the index to continue lower again afterwards. We don't like buying any proposed bounce in the chart and expect the index to continue the decline lower as far as 1193.86 pivot stays intact.

Russell 2000 Short-Term Elliott Wave Analysis
Larger Image


If you would like to have an access of EWF analysis in real time, click here and feel free to join us. We provide Elliott Wave charts in 4 different time frames, 2 live webinars by our expert analysts every day, 24 hour chat room support, market overview, daily and weekly technical videos and much more.




Author: Elliottwave-Forecast

Elliottwave-Forecast (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients.

ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, cycles, proprietary pivot system, we provide precise forecasts with up-to-date analysis for 41 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary actionable trade setups, market overview, 1 Hour, 4 Hour, Daily & weekly wave counts. Weekend webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

Copyright © 2015-2017

All Images, XHTML Renderings, and Source Code Copyright ©