The Russell 2000 futures have surged in the past two trading sessions, up 5% marking its best two days since the 5th of November 2025. This was on the back of a positive CPI report that showed inflation is in line with expectations. The price broke decisively above the 50-day and 200-day moving averages after a prolonged sideways range. This is a very bullish sign for the index.
The breakout rally over the past week has been sharp, leaving price extended in the short term.
The next major resistance lies at the all-time high zone around 2,477, meaning there’s still room to the upside before a key decision point.
The Russell’s relative strength vs. other U.S. indices means that there is small-cap participation in the broader rally.
Momentum & Indicators
RSI at 66.12 is nearing overbought but not yet flashing an extreme warning.
The rally has been fast, so a minor pullback toward 2,300 would be healthy before another leg higher.
Testing Year-Long Support The Canadian Dollar Futures (6C) weekly chart shows price action testing a multi-year support level around 0.72065. This level has proven to be a strong floor over the past year, repeatedly holding the price above it and triggering reversals back toward higher levels. The upcoming US election is only hours away, and Read More…
Quick Update Last time we looked at Yen futures was back on March 2nd. The sentiment has drastically changed since then as US data has cooled and the collapse of SVB. Bulls have enjoyed the recent rally, but the steam is running out, and those who have missed the initial move may see another opportunity soon Read More…
Introduction S&P 500 E-mini futures (ES) have broken above the previous ATH (~6166.50) last week and are now consolidating above this level in a strong uptrend channel. Importantly, this upside breakout comes as the U.S. dollar continues its sharp decline that is boosting equities, particularly large caps and exporters. Technical Breakdown Metric Value / Commentary Read More…
