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RTY is about to top in wave a of v
As we expected, RTY nicely rallied today to retest the previous top made by preceding rally in wave iii up. That is a natural textbook resistance for this rally. Wave a of v almost never is strong enough to play a sustainable breakout to a new higher high. It can make a new nominal higher high only to fall back down in wave b down. Once that corrective wave b down finds its bottom we will get another rally making a new higher high in wave c of v.