The internal metrics for the small cap Russell 2000 Index have been improving off the most recent low, with 34% of the constituents having a bullish multi-factor model score.
It’s also worth noting that momentum is hooking upward.
The Russell 2000 has the potential to see some significant upside, with the next resistance level over 9% higher at 2040.
The 2040 level marks the top of its sideways trading price range.
Russell 2000 Index “weekly” Chart
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