The Russell 2000 Index ($IWM) is poised to potentially record its best month since November 2020, driven by a significant monthly gain of 11.2% and an all-time high weekly close. Concurrently, the S&P 500 ($SPX) has achieved new all-time highs on a monthly, weekly, and daily closing basis, reaching 6028 points. This bullish trend is attributed to strong market performance and seasonal trends, with the Russell 2000's performance marking a notable milestone for small-cap stocks. The $IWM has also seen a 11.7% gain with this morning's increase, and its monthly chart displays a bullish cup pattern, currently 15 points away from a significant JPM collar strike.