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Chart of the Day: Will Small Caps Follow the S&P Higher?
David Russell
June 28, 2023
Stocks | Technical Analysis

The Russell 2000 small cap index has lagged all year, but it may be showing some signs of coming to life.

The first pattern on today’s chart is the rally in early June, a potential sign of the bulls taking charge.

RUT proceeded to retrace half the move before rebounding. That could mean …

For more, please click here to view the related idea and chart analysis on TradingView.

Russell 2000, daily chart, with selected patterns and indicators, courtesy of TradingView.

About the author

David Russell
David Russell is VP of Market Intelligence at TradeStation Group. Drawing on two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.

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