Tuesday, May 5, 2015

[RUSL] update

At the backlink I had counted wave 2 as being complete:



Below is the recent snapshot which showed that wave 2 had a bit more to go.


Still, this looks bearish to me in that it is a clear 3 wave move up to exactly kiss the lower rail from below.  The 3 of C gap could not breach the top rail.  Not good in the short term IMO.  We should know a lot more in just a day or two on this one.  As long as this remains below that top rail it is a strong sell.

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