RUSSELL: Alert: Possible Long Term Decline: 25.03.2021

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:

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