Russell 2000 — bullish signal in its 9th week
Russell 2000 hugging its high, yet the engine behind the rally loses momentum
Russell 2000 — bullish signal in its 9th week
In Summary
The Russell 2000 trades less than 1 percentage point from its all-time high. The weekly bullish signal is in its 9th week and the technical structure remains full, with all moving averages aligned and price above the Ichimoku cloud. But the picture is mature, not accelerating: Signal Strength recalibrates to 38 out of 100 and two of the three statistical profit-taking areas have already been reached by price.
IQS Phase
44
ordinary
Signal Strength
38
medium · weak
ATH distance
0.95%
0.95%
KPI 4
0/3
restricted Platinum content