|r2k has been basing sideways for a long time.|
Almost a year. The bullish side is that it has been priming itself for a good move upward. And quite often the ensuing move up starts, and then retraces to the upper support level of that sideways move.
And if we look at the last 4 months closely, we can see we might be looking at the beginning stages of a parabolic curve upward, look at the pattern of the lows.
I am thinking it will be sell in May this year. There appears to be a lot of mo mo behind this market right now.
One possibility here for me is r2k is in the very early stages of a 5th wave up, off the 2020 low, and it will be a ripper. The best for last.