The Russell 2000 index, represented by the iShares Russell 2000 ETF (IWM), has experienced a notable downturn, dropping over 15% from its peak in November 2021. Recent trading sessions have seen the index decline sharply, with the IWM ETF falling $11, indicating a potential bear market if the decline continues. As of March 4, 2025, the Russell 2000 futures are down 17% from their November high and are approaching a new one-year low. Analysts have pointed to a lower peak and lower trough formation in the Russell 2000 CFD, alongside a weekly Relative Strength Index (RSI) dipping below 50, suggesting a strengthening downward momentum. The overall market sentiment remains cautious, particularly given the index's close ties to the real economy.