Market Rhythm Focus

This technical analysis update highlights new all-time highs for the Russell 2000 and Nikkei 225, while noting signs of momentum fatigue and negative divergences across global markets.

Key Takeaways

• 1.US Small-cap indices (Russell 2000 and Micro Cap) have reached new all-time highs but show signs of exhaustion like possible evening star patterns and RSI divergence.
• 2.The FTSE 100 is consolidating into a triangle pattern with momentum pointing toward potential short-term weakness from overbought levels.
• 3.The Nikkei 225 is trading at record highs but faces a potential bearish RSI divergence, suggesting a period of consolidation is likely.

Table of Contents

• Russell 2000 and Russell Micro Cap
• FTSE 100
• IBEX 35
• Nikkei 225
• DISCLAIMER

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