Judging by the RTY context+pattern, we definitely need to watch this sibling closely in the next few weeks.
Now, I can start to see that there's potential that it could outperform vs. all the other US indices as we head into Q4+EOY
Additional context: RTY multi-month horizontal bullish consolidation within a multi-year bullish trend
I want to see this thing keep sustaining 2200+ to prove its ready again, in order to head back into 2350 and much higher....
Here's a weekly RTY chart (9 months worth of consolidation/trapped market participants)
Once this thing really breaks out....the feedback loop squeeze will likely be fast and furious (lockout rally...very shallow dips, up up up)