RTY-5-5-19

Last Friday at 3:37 PM I warned my subscribers that the rally looked fake:

“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”

This is the second time in a week the market wanted to screw me with those unexpected rallies. And the second time I did manage to read that bluff. 

RTY-mini - 3,000 tick bar chart updated on 5/5/2019

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