$IWM - Monthly Chart - Similar to 2021
$iShares Russell 2000 ETF(IWM)$ - Monthly Chart - Similar to 2021
So far a base is in consolidation but the oscillator suggests the trend is weakening at overbought levels.
The StochasticRSI crossover adds bearishness to the picture, and from the last nine crosses, only one was short lived.
A monthly close below $216 would be very negative for Small Caps.
Weak economic news and Small Caps will fall, fundamentals are not strong for most of the companies listed in RUT
$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$
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