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The Russell 2000 has experienced a notable winning streak, rising for seven consecutive days. This marks its longest winning streak since March 2021. The index, which tracks small-cap stocks, has not seen an eight-day winning streak since February 2019. The Russell 2000 is also trading above its 200-day simple moving average (SMA), a condition it has only achieved 27 times before. The Advance/Decline line is at 2024 highs. Despite the positive trend, forward returns have been mixed.
The Russell 2000 has now risen for 7 days in a row, a feat accomplished only 27 other times while also trading above the 200SMA. Forward returns have been mixed. https://t.co/VyuG6Vv9UX
The Russell 2000 has now risen for 7 days in a row, a feat accomplished only 27 other times while also trading above the 200SMA. Forward returns have been mixed. via @sentimentrader https://t.co/P8z9vn2LdT
Small Cap Stocks $IWM have now traded green for 7 consecutive days, their longest winning streak since November 2022 https://t.co/7pldSKwYDi
