Russell 2000 takes on leadership roll
The Russell 2000 hasn't yet cleared its trading range but it has regained its relative leadership role versus the Nasdaq and S&P. Today's trading also came with higher volume accumulation. While seasonal factors would offer a more pessimistic outlook, if the Russell 2000 ($IWM) was able to push beyond $234 it would deliver a whole new (bullish) market outlook. Supporting technicals are net bullish.