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CURRENT MARKET TREND: Up 5/27/16 @ 2090
Stop-loss 2026

Sunday, February 13, 2011

Russell 2K Daily - Upside target 845

I was working on my R2K count this morning and came up with an upside target around 845. I will fully unload short positions at that area if the waves are telling me to do so. Looks like we should see some weakness for wave iv of 5 before the final thrust higher in v of 5 of i of 3. I don't expect the pullback to be overwhelmingly strong since we are in a wave 3 up so I'll watch the waves to exit this position. Here's the chart I was working on.


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