Some real meaningful progression for the bull case in US small cap stocks.
50 dma > 200dma
Price has cleared the critical resistance level between 187-188.
Price has some short term resistance at the 38.2% fib retracement here, but it looks like we should progress to the next resistance level at the 50% fib retracement at 200.
Chart is showing a clear formation of higher swing lows and higher highs.
Hard to be bearish this chart.
Opportunity here to buy the breakout with a relatively small stop as a close below 187.50 might put the bullish case on hold.