RTY-mini futures stretched higher overnight and tagged the upper edge of the ascending bearish looking wedge:
RTY has made enough waves to complete a corrective (w)-(x)-(y) up structure. It hit the upper edge of the Red Target box pre-market.
Bears need to break under the lower blue trend line to give traders the first warning of a bearish reversal.
To confirm a bearish reversal bears nee to push RTY back under 1,794.80.
The target for the next down would be the recent low made around 1,650.