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Russell 2000 and S&P 500 Reclaim Bullish Pattern | Investing.com
- The Russell 2000 and the S&P 500 have reclaimed a bullish technical pattern, signaling a potential upside path.
- Volume was very light, suggesting traders may not be back at desks in force to drive new moves.
- Bitcoin fell as part of a broader risk-off tilt, with a notable spike low observed around $80.6K.
- Nasdaq is underperforming relative to small caps, potentially shifting leadership toward Russell 2000.
- Markets remain cautious about sustaining gains without stronger volume confirmation.
- Equity indices and futures show a muted session with traders watching for volume-led patterns.
- Traders consider volume before drawing conclusions on next moves given recent resistance breakouts.
- Bitcoin’s price action contrasts with equities, highlighting divergent asset performance.
- Markets show a mix of resistance breakouts but no new highs, keeping risk levels elevated.
- The article notes a potential shift in leadership among indices, with small caps gaining interest.
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