Russell 2000 hitting channel resistance plus bollinger bands
Updated
This is nearing the end of the bull run. The coinciding successive bollinger band breaches to the upside on the monthly right at long term channel resistance spells one major leg down coming up shortly.
Note
The more I look at it, the better the setup looks.Check out this pitchfork. I have opted to only keep the 0.618 extension for clarity.
Note
The pitchfork 0.618 line coincides with the 1.618 fib extension.Note
And here is the pitchfork with all fibs enabled. Note
I don't know how crazy things can get. I've added all the fib extension levels now, in any case this pitchfork is the best thing to trade off of.
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