2022-08-28

The Purple Crayon

I amaze myself. These were WAGs, not serious forecasts. I did move the apex on RTY up by a few weeks, to August 19 opex, but otherwise I didn't touch these drawings.

Harold and the Purple Crayon

The protagonist, Harold, is a curious four-year-old[1] boy who, with his purple crayon, has the power to create a world of his own simply by drawing it.
Of the majors I track, NQ, ES and RTY, the reversal in the Russell 2000 looks best to me in terms of signaling a top is in.

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