An explosive move in the Russell 2000 is brewing.

The mid cap stock market is represented by the Russell 2000 (or IWM) has been in a tight trading range for all of 2021. That range is tightening in a triangle as the 200dma weaves inside the consolidation. This is a receipt for a big move in the coming weeks. A break of the 217 or 227 level should illicit some very strong buying or selling, so everyone should keep at least “one eye” on this index at all times.

Blake Morrow