RTS Index

Currently RTS index is testing the resistance around 920. The resistance level is strong and RTS will consolidate below this level. RTS has been in major consolidation since 2011 and now the spring will be compressing, preparing for a major decline. Targets are mentioned on chart.

More likely the third target will play out in this scenario, which means around 75% decline from current levels.

Cancellation of this scenario will be in case of fixation above 1240.

DYOR
NFA