September Russell 2000 index:
1. In yesterday’s (Tuesday, August 4) Williams edge live meeting it was noted that the September Russell index was expected to remain above $1221 which would indicate new long entry for a test of $1242.
2. The subsequent swing low was $1222 where the September Russell reversed and today (Wednesday, August 5) advanced quickly to complete the $1242 upside target (today’s session high, $1241.70). This completes the forecast/trade.