Been watching the Russell 2000 . . .
Been watching the Russell 2000 and I think it's ready to start the last EW-C portion of a messy Elliott Wave 8-Wave-Pattern. A target should be somewhere around 1180 to 1200. I think it needs to retest around there again before continuing upwards. (?)
As the R2K has been reaching new highs, the energy sector (CPST of course) has been bottoming out. I've been waiting for this current possible scenario to see if the energy sector (CPST) might look attractive for the markets to start rotating money into, during a correction / retest period. Oil has been stalling at the current levels deciding if it wants to push through, and I'm thinking it will (especially since the media is trying to convince otherwise). Even though CPST isn't really all that contingent on the price of oil, to some anyway, it is still somewhat of a catalyst in that sector. Anyway, CPST is primed for an advance regardless, imo. Just a possibility that I have been pondering for a while, not looking for any drawn out debate ... thanks.
I'm wondering if today's pe-market $750.00 / 1500 share 'seeded-trade' is working to disturb some into thinking it's going to be a down day today. It's a clever tactic / head fake, imo. I've seen it before. We shall see.
