Do not doubt the bull market!!_ RUSSELL 2000 about to join in!I have posted my views on various global indices as well as major US indices like Nasdaq and SP500 also SP500 realty and written about how i am convinced of the bull market and all the major global indices confirming to this view. Many are here to believe that what the world witnessed in 2020 is all going to dirt now and everything will collapse.
Well I on the contrary believe that what the world witnessed in 2020 was the start(look at Japan (nikkei225)coming out of 30 years range, Australia(XJO 200) standing at new 16year high, Italy(IT 40)moving out of past 10years range,EU50 at standing at a new 10 year high and the list goes on and on.)
Major moves(to upside) in many global indices will be seen in 2024-2025.
Speaking of the US market, my attention now goes to the RUSSELL 2000.The Russell 2000 Index is a small-cap U.S. stock market index.
The RUSSELL 2000 I believe has started out now in its major 3rd wave which could more than double this particular index.
The index was seen a complex triple three correction for past two years and the structure of this complex triple three appears completed to me. I am therefore anticipating this index to rally hard going into 2024.
4000-4200 is the projected target zone for wave 3.
Note*- This chart and its explanation is based on personal views/opinions. Please try do do your own research/analysis before making any financial decisions.
Note*- the wave counts and marking were done using daily and 4hour charts for anyone interested in knowing.
