[RUSL] update

In the backlink I was expecting a move to "$28-$29" range before turning down sharply.  The model below was provided into indicate expectation.


Current chart and model is below.  The bounce fell a bit short of expectations but the 3 wave a-b-c nature of the move is obvious and the fall back into the range of wave A of 2 was good cause for exiting the trade.

If this goes on now to fall below the prior low of $10 then a real buying opportunity will be staring us in the face because we now know the level of the prior 4th ($37.50) and so that should be the A-B-C bounce point after 5 waves down are logged.  So this is well worth the time to watch folks.  The first indication that this model is correct will be a rapid plummeting down through $22 as wave 3 of 5 unfolds.