"I have been trading LONG… Russell "
Good for you, we are in the 1st half of the bullish 20 week cycle. 1st week of June looks good for a 10 week cycle bottom. After that, up we go in to July 4th. Hope you don’t mind a little red arrow on my chart, it is only indication of incoming 10 weeks cycle bottom is imminent. Not an indication for the short trade.
The interpretation is very simple, we are in a very bullish 10 week cycle as expected for a first 10 week cycle in the 40 week cycle. Up we go into July 4th?