Few stock indices can brag about hitting all-time highs of late. Two indices that can are Micro and Small Caps, as each recently hit all-time highs.
Above looks at the Russell 2000 index over the past 13-months, which reflects that the trend remains up.
This week the Russell is testing dual support, where a short-term bullish reversal pattern might have taken place at (1) yesterday.
If support holds at (1), small caps should continue to reflect strength over large caps.