Russell 2000 broke to all-time highs a few weeks ago.  Now this key index’s relative momentum is reaching levels that has caused this index to at least take a pause over the past 7 years. 

At the same time relative momentum is overbought, the Russell 2000 is up against a line that has been in place for the past 7-years, marking several key emotional turning points.

At least, small caps are due a breather because of these conditions!  Could a breather in the relative strength winner impact the S&P 500?  Could!

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past