I like your use of RTY. As I have said several times on this forum, the cyclic signature of this index is sometimes slightly more evident than other stock indices. This is because it is a “flatter” index that is not pushed around by a handful of large, volatile names. It also has a tendency to lead other markets at turning points.
There have been some short, high amplitude waves dominating price over the last two weeks which have caused some confusion and price choppiness (see Gary’s recent post for details).
Here’s my phasing (sorry it is trading days but I am in a hurry). Looks like G is happening now and H is coming up. I wouldn’t be surprised if we had an up day tomorrow before we start sliding down the FLD.
Looking at a weekly close chart with a 2 period FLD is even clearer. In fact, you don’t even need the FLD.