The Russell 2000 (IWM) continued its advance today as investors broadened their buying beyond the mega-cap technology names, a healthy sign that market participation is expanding. The ETF broke above recent consolidation and pushed toward its prior highs after finding support at the rising 21-day EMA. Technically, momentum continues to improve with a fresh bullish PPO crossover, the +DI moving back above the -DI, and price reclaiming all key short-term moving averages.

While the ADX remains below 20, indicating the trend is still strengthening, the overall setup favors additional upside if IWM can maintain support near the $299-$300 breakout area. A sustained move above today’s high could open the door to a retest of the $303-$305 resistance zone, making IWM one of the more attractive bullish swing setups to watch over the coming sessions. Market optimism was also supported by strong earnings, improving breadth, and easing geopolitical concerns, helping fuel a broad-based rally across U.S. equities.

Wishing you the best,

Wendy

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