Bullish Confidence in Small Caps
Again, anything said here should be viewed in the context of broader consolidations. Leading off is the consolidation breakout in the Russell 2000. I did have concerns the 'bear trap' was about to fail but today's move has helped reduced the risk of this happening. There were some struggles as it reached its 200-day MA but this did at least postpone (indefinitely?) the chance of the 'bear trap' failing.