Can The Russell 2000 Breakout This Week
The Russell 2000 peaked on October 3 and since that date has been unable to make a new closing high. 29 days and counting.
The inability to make a new high is a problem for the overall market. Back on October 4 we noted that the QQQ had a similar problem as it could not close above $147. Finally, QQQ broke above this level to close at $147.99 and today is at $153.87.
Will the IWM be able to break out as well?