The Russell 2000 has had a stellar
year trading beautifully within it's channel and bollinger bands
. No reason to try to trade countertrend until these key principles tell you otherwise. RSI
has room to run until overbought can be claimed and price has overtaken a key Fib line which should propel this index through all time highs for a potential test of its upper channel around $114 - $115. As always, watch out for headline risk and don't chase.