The Russell 2000 also sits ready to break out of a 7-week consolidation. While some 20 points away from its highs, a break will give confidence to the broader market as it will represent a shift back to speculative issues.
Relative strength has seen a significant shift through December with Small caps leading Tech leading Large Caps - the most bullish alignment for markets. Should the dollar continue to outperform then expect this relationship to continue.
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