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RUT - expect to see a pullback before the weekend
This morning I have updated a count of Russell-2000 cash index. I always prefer cash indices to those of futures because the former have cleaner counts.
That pullback may be the red c down of the blue b down and may target Monday’s low at 1,575 but may stretch lower to 1,570 – 1,560. The critical support for Russell index is 1,558. As long as it holds over it we can get another push higher to retest the top of the wave ( iii ) up made at 1,602.10 on 25 Feb 2018. Such a push higher would complete wave ( a ) of ( v ) and set a stage for a corrective wave ( b ) down.
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