TARGET TAGGED AND REVERSE

Best laid plans are best laid plans till they go awry.  RUT will be the focus today as it hit the skids right between the numbers we were looking for yesterday (and it is my bus crash mechanism of choice).  Everything was going along great right up until the close where a would be simple minded flat turned into a train wreck that I hate even trying to label.  I genuinely hate complex structures as they seem to never turn out as you'd think, and presently the only thing that is giving a positive signal that it may be right is the fact that the S&P Emini is breaking south from its triangle which I thought for sure was a final fourth wave before a fifth wave higher.

So with that, the all too improbable Double Three Elliott Wave structure has a much higher probability of playing out than I originally gave it credit at the close of business today.  If you are the squeamish sort I suggest you turn your head now because this could get messy.  The nefarious WXY, the Swiss Army Knife of Elliott Waves.  Basically, if we can't figure out what is going on rationally we'll toss one of these in there.  In all seriousness though, this is one of the few that came out cleanly from an aesthetic point of view (mine).  A gap down below 1130 tomorrow morning pretty much seals the deal on the structure and the count.

The bigger picture charts remain unchanged to any degree worth noting so I didn't bother with them.  Good skill.....  I'd call it luck, but a lot of the time they are one in the same.