Russell 2000 Breaks to New Highs as Bull Market Momentum Grows

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S&P 500 News

US Small Cap 2000,Ishares Russell 2000 ETF,NASDAQ Composite

Stocks Analysis by Declan Fallon covering: S&P 500, US Small Cap 2000, iShares Russell 2000 ETF, NASDAQ Composite. Read Declan Fallon's latest article on Investing.com

as managed to push to a new closing high . This has been a 3-year journey for the index, and marks an important milestone as part of the secular bull market continuation - which kicked off in 2012 - but started with the generational low in 2009. Only the

Little to say about the S&P. It's chugging along in bullish form. Volume has been quiet, bar yesterday's confirmed distribution. Technicals are net bullish, including its outperformance relative to the Nasdaq. As with the S&P, it booked a distribution day yesterday, and given gains in peer indices, it's underperforming relative to them, but not to any worrying degree.

There are a number of economic data points to influence premarket; if data disappoints, then look for a gap down at the open, but if buyers then step in it could prove to be a very positive day.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

 

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