Chart of the day

Russell2000 is being rejected by a strong resistance 2135. This rejection could lead to a deeper pullback after the long-term three upside waves and it would be a correctional ABC in the fourth wave.

Only in the case of a break above 2135, we can expect an immediate upside extension and a new high. A confirmed break below 2060 would lead to a test of strong support 1900 which is a target for the short-term sell trades and this would mean that we will be in the correctional fourth wave pullback.

_{Look for the short trades here with the stop loss above 2150. Long trades you can take in the case of a confirmed price action break above 2160.}