Chart #1: Russell 2000 index volume chart
chart courtesy of www.marketvolume.com
Six times the Russell 2000 index bounced up from the $1,080 level: in February 2014, May 2014, October 2014, October 2015, February 2015 and most recent bounce now in June 2015.
Four time the Russell 2000 index bounced down from the $1,200 level: in may 2014, June 2014, November 2015 and January 2016.
With Highest point around $1,300, it may look like the Russell 2000 index is in the process of the building the right shoulder...