[Update 3:25PM: If the RUT cannot break above the upper trendline and collapses down, there is a potential ending diagonal alert.]
[Update 3:00 PM: The move down from "c" to the Friday low looks like a zigzag. It could be a (b) wave of a Minute [ii] 3-3-5 expanded flat. However the rebound does not look like a "five" just yet, instead it looks like an ascending triangle which would be a 'b' wave and therefore a "three". So if this is Minute [ii], then maybe it traces a double zigzag up, or some kind of expanded flat with a new low to come in a (b) wave down.
So many possibilities which is the way correctives tend to go.
No new low overnight. There is not really a channel on the e-minis, all hours, at the moment, more like a wedging effect.