These days there is a lot of bearish talking regarding equities across the entire blogosphere. Many people are getting ready for an imminent black-swan type of event.However if we check Russell's 2000 chart we can see that back in 2008 it took about 3 years for the RUT to form a proper Head and Shoulders pattern.It took approximately 1 year for each stage of the formation.So back to the present situation we can see that RUT was rangebound during 2014(Left shoulder?) and then went higher and stalled in 2015(head?).If we use RUT price history as our guide for the future then probably Bears have to go to sleep for most of 2016.
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