The Russell 2000 sideways market prediction is spot on this week. The Russell 2000 has actually touched the sideways line everyday this week.
We track how the market performs relative to the predicted path in order to gain greater insight into underlying bullish or bearish sentiment. So far the Russell 2000 is matching the seasonal prediction path closely. Further out, we expect the Russell 2000 to rise sometime in November bar any unpredictable external event. For now, we have a consolidation or basing pattern. I did a swing trading lesson on the basing pattern here.