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.
Taking a top-down approach, the weekly time frame shows price exhibiting strong bullish momentum as it rapidly approaches the new all-time highs around 37822 after the previous was broken. The weekly RSI reads 58.82, reflecting neither overbought nor oversold conditions yet and indicating additional room likely remains for this uptrend to continue before exhaustion risk Read More…
Recap from August 13 Analysis In our previous analysis, we looked at how gold was consolidating below its all-time high near $3,510 but holding above the $3,345-$3,375 support zone. Gold was slowly making higher lows and forming an ascending triangle, and has now broken above it, making a new high of $3,640.1. Now that the Read More…
Update on price action The small cap index has dropped 10% since the recent high in RTY, which was $2,015. The price has plunged dramatically and is currently in free fall. Let’s take a look at some technical levels we can watch out for going forward. The main bear target is at $1,738 which is Read More…
