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IWM Continues to Underperform

Written By: ChartChamp

July 3, 2024

IWM and small cap stocks continue to show little upside while tech and AI stocks continue to dominate the market. Small caps are significantly discounted, but they are struggling to rally in the short term. These small caps are likely to perform better after rate cuts. For now Mag 7 and tech stocks continue to perform significantly better than the rest of the market. IWM remains under the red zone, and needs a bullish breakout above $210.44. There could potentially be a breakout within the next 2 months.

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