Russell 2000 Poised for Gains While Nasdaq and S&P 500 Show Signs of Being Overextended
- Russell 2000 index primed for a breakout after bullish setup on Monday
- Nasdaq and S&P 500 indexes are near "extreme" market tops
- Russell 2000 still trading well within itself despite Nasdaq and S&P 500 being stretched
- If Nasdaq selling continues, next support level to watch is 50-day moving average
- Russell 2000 may pause today but looks positioned for more gains ahead