While the Nasdaq (QQQ) is still trading near its highs, with a strong +5.26% gain over the past month, the Russell 2000 (IWM) is showing signs of catching up.
Looking at the trend:
IWM is up 4.82% in the past month. Short-term momentum is picking up.
The long-term trend is still in recovery, but it’s starting to stabilize. This suggests more parts of the market are getting involved.
At the same time, QQQ’s rally is showing signs of slowing. Tech stocks may no longer lead. From a chart perspective, IWM is now near the edge of a rising triangle pattern. If it breaks above the red resistance line, a rebound could follow.
🔄 Sector rotation is happening
As market breadth improves, money may be moving from big tech to small and mid-cap or cyclical stocks. This supports IWM’s relative strength.
💡 Key Takeaways:
Russell 2000’s short-term trend is getting stronger. The chart shows it’s near a key breakout point. A catch-up rally could be coming.
As investors look for value in lower-priced areas, IWM stands out.
📌 What to watch next:
Keep an eye on market breadth and whether IWM can break through. If confirmed, this could lead to sector rotation and new opportunities for asset allocation.
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