The LaggerThe Russell 2000 is one of the most under rated products out there. It tends to be a less discussed index then the nasdaq or s&p, even the dow for that matter. But it is on deck for its turn. The Russell tends to lag the big 3 indexes. It'll run when the S&P takes its break. I think we are on the verge of a big break out here. The rounding formation in the macro trend here is screaming bullish. The biggest risk is of course a failure to follow through caused by a wider market pull back. This could break the structure invalidating the trade. I'm looking for a 100 plus point run here over a longer time frame. This is the trade that you find a moving average and hold for months. The options are super cheap here so that sounds like a good move.
