Big Small-Cap View. R2000 Oct 10th low violation argues 4th wave correction is still underway — while it could end at any time, the ultimate low potential rests at 2265 where we would be aggressive buyers. Once complete the final rally looks to extend to 2750 by Jan `26 before consolidating gains in the 2600 area. Of all the daily technical indicators, we are most concerned about the RSI undercutting its key lower level which has us worried we’re running through a “you’re wrong” signal. Still, that’s the only negative outlier unless we violate 2265 support in which case we will etch “Remember the RSI” on the back of our hand for the next year. Longer-term, we think it’s healthy that the R2000 is poised to retest its Nov ’21 prior all-time high. A significant retest of that high, if successful, will be bullish and save the need for a retest later. Our long-term R2000 wave count argues we have only just completed half of the longer-term strength wave off the COVID Mar ’20 low which takes us to 4824 by 2029,