US small caps a step from the record, but the drive cools
IWM (Russell 2000) technical analysis: a mature rally near its all-time high
US small caps a step from the record, but the drive cools
Our view last week
The Russell 2000 is hugging its all-time high, just over 1 percentage point from the peak. The weekly bullish signal is in its 12th week and has already carried the trade to +13.88% from entry. Two of the three profit-taking windows are now behind us and Signal Strength recalibrates to 38 out of 100: the uptrend is intact, but the cycle is in an advanced phase and calls for careful management rather than a fresh push.
This week's summary
The IWM, an ETF tracking the Russell 2000, weekly technical analysis: US small caps sit just over 2 points below their all-time high, in the 13th week of a buy signal and up 13.28%. Strength rests on a broad basket — healthcare, industrials, banks and technology nearly level, with no single sector as the engine. As it was a week ago, the drive is cooling, with the MACD histogram down for a month and four warning signals in the weekly price action. A mature rally, to be managed with method.
IQS Phase
46
ordinary
Signal Strength
38
medium · weak
ATH distance
2.27%
2.27%
KPI 4
0/3
Trade P&L %
+13.28%
from signal to today
restricted Platinum content