UPDATE: Russell 2000 moving well to the first target 2,506US 2000TRADENATIONSB:US2000TimonrossoThe market has been trending on a solid 45 degree angle since we did the first analysis on Russell2000. And it seems like it will continue to tread higher. So we will keep holding and waiting for our initial target at 2,506 Few reasons for the continued upside 📅 Rate cut hopes rising → Investors are increasingly betting the Fed will ease, which lowers borrowing costs for small firms and boosts margins. 🔄 Rotation away from megacaps → Big tech/growth has dominated; small-caps are getting some catch-up love as part of broader market breadth. 💵 Valuation gap → Russell 2000 stocks trade at a discount vs large caps, meaning potential for rerating if earnings improve. 🏭 Domestic economy sensitivity → Small caps tend to be more tied to US economic growth and consumer demand; so as US data holds up, they benefit more. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.