It’s Up to the Smalls

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This remains the most important chart in the world to me these days:


This is the Russelll 2000 /RTY futures, and you can see how we’ve been rangebound for virtually the whole of 2021. Mercifully, the recent baseless rally stopped at the white line, which cements yet another “lower high”. Naturally what I’d like to see next is a lower low, which will shatter the bottom of the range. Then………there will be blood.