Could small caps be signaling something the S&P 500 isn’t yet? Avi sees a growing likelihood that the Russell 2000 (IWM) has already put in a long-term top, even as the S&P 500 may still have room to run.
In this clip from Avi’s October 21st weekly video with Flagship members, Avi Gilburt, founder of ElliottWaveTrader, takes a look at the IWM’s long-term structure. He explains why he sees more risk in small caps than in the S&P 500 right now. He then answers a member’s question about how the IWM could top before the S&P, and why market history shows that’s more common than many investors think.
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