[RUSL] update: bullish breakout happened today.

Here is the backlink.  That linked model predicted nicely what actually happened today.  It lends more credence (i.e. increases the odds) that the rest of my world view (AKA wave count) is correct.  Today's action was nice in that the chart tested the bottom of the falling wedge before gapping up above the top rail.  That sends an unmistakable signal about near term strength.  I would LOVE to see that gap filled tomorrow as shown by the blue model but I suspect it will either bounce up from the open or retrace to perhaps $16.50 and then take off.  A higher high is an immediate buy.  If weakness at the open, be looking for the AM reversal from red to green which will be the start of small wave 3 up.

Of course, when gambling there are no guarantees, only odds.  I like the odds on this RUSL play, at least until it fills the gap at $29.  At that point the wave count will have to be reviewed.  Still, that's not a bad return in just a few days if you do the percentage math and the eventual gains could be much, much higher.  My EW model says that WTIC oil is about ready to begin a bounce to ~70-$75.  That will greatly benefit the Russian economy and the Ruble.  King dollar will take a hit as a result, at least in the near term.