[RUSL] update

The backlink model expected a wave 2 dip as the primary (red) model but was mindful that there could still possibly be a lower low. 




In today's update we see that a downward wave perfectly closed the upper gap as well as landed perfectly at the 61.8 fib.  While the new uptrend is not confirmed yet I of course bought that gap filling dip and now have my stops set just below it in case the blue model plays out.

Odds, folks.  Odds and never certainties.  Risk management is All.  The market sell stop loss order was the greatest favor that wall st ever gave the individual investor.  I doubt that it would have done so if many knew how to use it effectively.

In any case, a break below that blue circle would spell trouble in the short term.