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Subscription: Access to Micro Counts of US indices

RTY - I do not trust this rally

This structurless wild rally in RTY futures looks 100% similar to what ES painted before open on 1 May 2019 driven by AAPl report. The next morning it dropped hard. I have the very same count. I count this move up as a corrective wave b up that is allowed to make a higher high over preceding top made by an impulsive move u in a structure called an “expanded flat”. You can read my explanation about that type of corrective structure in my course.

RTY - 45 min chart updated at 3:21 PM on 5/3/2019

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