Wednesday, June 10, 2015

[RUSL] update

I must say that I have been pretty lucky with my RUSL calls of late.  Not only did I call a reversal at the top but I also recently predicted the recent bottom and rapid reversal

The current move looks real to me because of the way it gapped back up above the resistance line as highlighted by the red circle.  It didn't get all the way down to the 61.8 fib as hoped but a zoom in shows that it was indeed a valid 5 wave impulse.




I'd like to see this back test that support line from above while closing the gap before moving back up into the $29 range.

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