Russell 2000 Small Caps (IWM) Breakout cup and handle on RUT
Russell 2000 Small Caps 
RUT and 
IWM on the Cusp of a Breakout?
The Russell 2000 small-cap index, tracked by the iShares Russell 2000 ETF (IWM), is forming a cup and handle pattern. This technical formation could be indicative of a significant breakout.
Key Levels to Watch:
Resistance: $230-$232
Support: $220-$222
A decisive close above $234 confirmed the breakout, potentially leading to further upside. Conversely, a failure to hold above $220 could negate the pattern.
Keep a close eye on IWM as it navigates this critical juncture.
RUT and IWM on the Cusp of a Breakout?The Russell 2000 small-cap index, tracked by the iShares Russell 2000 ETF (IWM), is forming a cup and handle pattern. This technical formation could be indicative of a significant breakout.
Key Levels to Watch:
Resistance: $230-$232
Support: $220-$222
A decisive close above $234 confirmed the breakout, potentially leading to further upside. Conversely, a failure to hold above $220 could negate the pattern.
Keep a close eye on IWM as it navigates this critical juncture.
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