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RUT dropped as expected
This morning I posted a chart where I predicted that drop in the red wave c of the blue wave b down.
Wave c (red labels) normally targets one of three extensions of the first move in wave a: 123.6%, 176.4% or 223.6%
So far it has tagged 123.6%. But it may stretch to 176.4% = 1,561.40.
As long as it holds its critical support at 1,558.30 we should get another rally in wave c of v of ( a ) targeting a higher high