The RUSSELL 2000 Small Cap Index Chart shows an Imminent Death Cross and a Potential Break Down below Support.
If the RUSSELL has a genuine break below support at 2100, this would suggest the uptrend that has been in place since the COVID low has now ended (IMO). This would be the first major US Index to commence a downtrend since COVID. I would also take it as a indicator that the risk for global stock market falls (across the board) have increased.This would include the ASX which will inevitably fall if the US markets fall.
