The euphoria has driven Russell 18.00% higher in exactly one month. The ICL outlined in my trade ideas last month did mention the probable low date for the cycle turn. This one has been very similar to Oct 2014 (except that produced bigger gains in SPX at the time). There are several analog's that argue this is the window for a high. The Russell still might make a run for this upper channel line, but at that point the R:R for shorting it would be extraordinary.