https://au.investing.com/indices/smallcap-2000-chart
My bigger concern is actually the Russell 2000. Set the chart to Monthly view.
It was my experience in the tech boom of 2017 (2nd half) and the aftermath of the big correction that followed in Feb 18 which I will never forget, which gave rise to this thread 3 years ago, that I can tell you a big shakeup in junior stocks could be in the offing in the not too distant future. It usually happens after an unexpected correction that hurt market participants and dampen investor sentiment.....to a point where even great announcements on stock potential and progress do not excite the market that has been badly bruised.
As you can see in the chart, the sharp rise in 2017 to the peak was about 70% followed by a 23% sharp correction. This time around . trough to peak stands at 96% and I reckon a 20% pullback to circa 1800 is not entirely out of the question to bring the steep line back to where the uptrend channel rest (best viewed on the daily chart).
The chart clearly tells you the Russell 2000 is way overextended.
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