After months of strong bullish action for the small-cap stock index, the Russell 2000, chart patterns have turned indecisive.
The broader trend is still bullish (higher highs and higher lows), but the month of March produced a Doji pattern. And this comes after a 110% rally!
As well, the Russell 2000 is testing the topside of a 30-Year price channel.
Doji patterns are a sign of indecision… so nothing is decided yet. But it might be worth keeping a close eye as we head into Spring.
Small caps are a “risk-on” indicator, so any stalling out could be a warning to the broader market. Stay tuned!