We're expecting a breakout from the current sideways trading range after a local correction, with the price likely to surge past the liquidity zone at 43,500. Stay tuned for more details on this potential move.
Primary Chart: IWM / Russell 2000 Weekly Timeframe
The Russell 2000 (IWM) is often a leading indicator in US markets. It led to the downside in early November 2021 after a false breakout out of its 2021 topping-pattern's resistance around $234. SPX topped nearly two months later on January 4, 2022. While small-caps are not necessarily always the first to make a...
