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.