Bull Market Remains Alive
After weeks of sideways battles, the bulls finally stepped up.
Risk assets had been testing key levels, and the market was stuck in a tug-of-war.
But now, buyers are taking control — and it’s happening where it matters most.
Three groups that stand out are Small Caps, Transports, and Emerging Markets.
Each of these areas is economically sensitive and critical for gauging risk appetite.
Earlier this year, they all broke out of multi-year bases, cleared their 2021 cycle highs, and then pulled back to test them.
The rule was simple: hold these levels, and the bull case remains intact. Break them, and trouble could follow.
The good news? They held.
Former resistance turned into support — classic polarity in action.
Take the Russell 2000 $IWM.
