Russel 2000

The US Russell 2000 index of small cap stocks have started to show some momentum after a long period of underperformance. The index remained below the 2018 high, but if it starts 1/3 wave higher should surpass that level at 1742. We are currently at 1693 a few percentage points away. The 2018 2019 price action may go down as the triangle structure in the long term which is typically seen in 4th waves.