This is my formal declaration that the Russell 2000 Small Cap Index has undergone a major breakout, and I am of the opinion it goes much, much higher.
My reasons are technical so here’s a chart:
WSS subs, I will provide more color on this topic to you tomorrow.
If you enjoy the content at iBankCoin, please follow us on Twitter
You certainly could be right, but it can also be argued that it’s still below (almost retesting) the trendline connecting the 2000 and 2014 highs on a log chart, which could contain it.