Russell: The Wile E. Coyote Moment

Russell may be approaching one of those classic Wile E. Coyote moments: still running, still looking forward, and perhaps not yet realizing that the ground underneath is getting dangerously thin. Nothing has fully broken yet. That is exactly what makes the setup interesting. The chart is hovering near a point where a relatively modest move could suddenly change the entire character of the structure. For now, Russell is still in the air. The question is whether there is enough road left—or whether gravity is simply waiting for confirmation. We have seen Russell build similarly uncomfortable setups before, and sometimes the market gives very little warning between “everything is fine” and “where did the floor go?” This month, we step back from the daily noise and look at whether Russell is still standing on solid technical ground—or already running a few steps beyond the cliff. CANDLES & TA Russell candle map…