That November move up looks like a corrective pullback and is shaped as an ascending bearish flag:
I count that move up as a subwave -b- up setting up for another leg down in subwave -c- down. A safe approach to trade that move would be to wait until bears push RTY back under 1,800 and then go short.
$ES #ES #Elliott Wave #trading setup Yesterday bears failed to break the Daily resistance 5,607. In an uptrending market a
$NQ #NQ #Elliott Wave I watch that short term bearish scenario: NQ-mini Daily chart In the bearish case, at the
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