I wanted to issue an alert about a possible long term top confirmation on March 26, 2021.
If Russell closes tomorrow below 2192.48, it would confirm the Dark Cloud Cover on the weekly time frame and confirm a Double Top formation.
The implications could be dire. I would be expecting a multi-week (possibly multi-month) decline to the minimum target of 1885 (-20%).
The other two possible targets would be 1590 (-33%) and 1200 (-50%).
If the formation is confirmed tomorrow, I would need several more weeks to evaluate the wave developments and evaluate probabilities for the targets above.
RUSSELL seems to be well aligned with the study on NASDAQ that I posted recently: