The moment the market opened this morning, the small caps went roaring out of the gate for no particular reason. As I’m typing this, they’re easing back a little, but the chart is a bit worrisome for the one or two bears left on the planet, as the Russell 2000 seems to be vaulting past mildly important resistance. The bulls can only truly declare victory if they can push the market past the blue trendline I’ve pointed out.
