US small caps near their highs, drive fading
IWM (Russell 2000): structure intact, momentum cooling near highs
US small caps near their highs, drive fading
Our view last week
The IWM, an ETF tracking the Russell 2000, is holding less than 3% below its all-time high. This weekly technical analysis finds US small caps in the 14th week of a buy signal, up 12.53%, with strength spread across a broad basket: healthcare, industrials, banks and technology nearly level, with no single engine. But the drive is cooling: the MACD histogram has fallen for a month and price action has turned lower. Structure intact, cycle well along: caution on fresh entries.
This week's summary
Weekly technical analysis of the IWM, an ETF tracking the Russell 2000, finds US small caps less than 4% below their all-time high, in profit since entry but with the drive cooling. Strength stays spread across a broad basket — healthcare, industrials, banks and technology nearly level, with no single engine. The MACD histogram has fallen for a month, price action has turned lower and buyers are losing ground. The structure holds, but the cycle is well along: caution on fresh entries.
IQS Phase
35
ordinary
Signal Strength
38
medium · weak
ATH distance
3.97%
3.97%
KPI 4
0/3
Trade P&L %
+11.43%
from signal to today
restricted Platinum content