<div id="readability-page-1"><div id="blog-content">Markets may be awaiting the ruling from the Supreme Court on tariffs, but expectation is for something favorable. The Russell 2000 (IWM) made a clear break of its December swing high on a return in net bullish technicals.<img src="https://imageproxy.pbkrs.com/https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTbfEoxpebAdC8ncMl7EFt9IQcMD3sSheLuS1lIuEEZtt-vy36tiYuo4EXfXupKEosYKAZ62cIc0Vojei3Kw1FSX7KnlGWIpNqh-Mt2XMTuqIZQTxs0HtPmBg5LRTxrgaoabDktJBLozUITE7XAq_Da_DGVAH2Ox97mw9E0_wAw-2DcxJsAV-8/s1600/iwm_jan11.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="620" height="750" original-src="https://imageproxy.pbkrs.com/https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTbfEoxpebAdC8ncMl7EFt9IQcMD3sSheLuS1lIuEEZtt-vy36tiYuo4EXfXupKEosYKAZ62cIc0Vojei3Kw1FSX7KnlGWIpNqh-Mt2XMTuqIZQTxs0HtPmBg5LRTxrgaoabDktJBLozUITE7XAq_Da_DGVAH2Ox97mw9E0_wAw-2DcxJsAV-8/s1600/iwm_jan11.png"/>The S&amp;P managed a successful test of breakout support as technicals remained net bullish. Whereas, in October I was looking for a measured move lower, now, need to flip this to a measured move higher for a target of 7,250s.<img src="https://imageproxy.pbkrs.com/https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_CN0QsrhVQM5Xu0UoxAiMRGAmM5MxM_7pa5sRB6m0_2CiWl4BQUrCIW-tD7UIhw-M6fCrTzDD4NXJl1lma7111ttV7ZgQIqCl0_DmndB9YC-LaymOCxhVAmHAKOKqheQbCCxyRxtDZ0pR9qSBCYXRHKXl2AK_q3YCQ10BGiVZXAEZ2MqnDJ7m/s1600/spx_jan11.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="620" height="750" original-src="https://imageproxy.pbkrs.com/https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_CN0QsrhVQM5Xu0UoxAiMRGAmM5MxM_7pa5sRB6m0_2CiWl4BQUrCIW-tD7UIhw-M6fCrTzDD4NXJl1lma7111ttV7ZgQIqCl0_DmndB9YC-LaymOCxhVAmHAKOKqheQbCCxyRxtDZ0pR9qSBCYXRHKXl2AK_q3YCQ10BGiVZXAEZ2MqnDJ7m/s1600/spx_jan11.png"/>The Nasdaq is working from a bullish symmetrical triangle that has broken higher, although still has a way to go before it can challenge the October high. As with the Russell 2000 and S&amp;P, technicals are net bullish.<img src="https://imageproxy.pbkrs.com/https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjFOSGeXZ9xWmeQn1qNHshzZ2HdQkBjrUlZw4EVVTKJ-2UBi2E4o4syqJJDTJL6svuoKz6meWtPTuZrhlQGDbM0P4qQ1fi5BqiYq3Tqf4VIeyKAXV1Aw7bo3yAPHL4QiENZiwKBU-W8FIiJz-c4uTeEl_875PxfeLUIowcONn1Mem5tdjg9utx6/s1600/compq_jan11.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="620" height="800" original-src="https://imageproxy.pbkrs.com/https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjFOSGeXZ9xWmeQn1qNHshzZ2HdQkBjrUlZw4EVVTKJ-2UBi2E4o4syqJJDTJL6svuoKz6meWtPTuZrhlQGDbM0P4qQ1fi5BqiYq3Tqf4VIeyKAXV1Aw7bo3yAPHL4QiENZiwKBU-W8FIiJz-c4uTeEl_875PxfeLUIowcONn1Mem5tdjg9utx6/s1600/compq_jan11.png"/>Bitcoin has eased back to converged 20-day and 50-day MAs and is well placed to mount a new challenge of 94.6K.<img src="https://imageproxy.pbkrs.com/https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrfgwtieSdKEzv_sTv1WDvi007rjwJZ7doOG8gSEpyeYNB-VwvB0tBI-dQe1FiC-0TQA1sufbYSQ9tb8i9923pA7gw-72OBPAK5iiKV64th5Ag6ph7yK3aItk81__o3WdqMyb3aF3_s1yEtkblx34qTUttT_67y4079GTEynfy4QMF6CeG2L5V/s1600/btcusd_jan11.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="620" height="750" original-src="https://imageproxy.pbkrs.com/https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrfgwtieSdKEzv_sTv1WDvi007rjwJZ7doOG8gSEpyeYNB-VwvB0tBI-dQe1FiC-0TQA1sufbYSQ9tb8i9923pA7gw-72OBPAK5iiKV64th5Ag6ph7yK3aItk81__o3WdqMyb3aF3_s1yEtkblx34qTUttT_67y4079GTEynfy4QMF6CeG2L5V/s1600/btcusd_jan11.png"/>Also performing well is the Semiconductor Index. On Friday, it managed a successful test of 7,500, although technicals = while bullish - are seen a little drift in the CCI.<img src="https://imageproxy.pbkrs.com/https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgohBRCRU2FD0AQiHhManVFFiQRrj-uD0PXotZQdGBWicHJch0K2feD9CId5LKioirfrail4GCwcbJWTjv1gyGk4pRSqWRi1lZfuGglxGDzva_hqlrGfytCFbEIhKlyYgJ2RyUKf9gTh8yvTT6NMBJaqnoO3BpA712g3tCE9TSjzBsj0dm5mQYm/s1600/sox_jan11.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="620" height="750" original-src="https://imageproxy.pbkrs.com/https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgohBRCRU2FD0AQiHhManVFFiQRrj-uD0PXotZQdGBWicHJch0K2feD9CId5LKioirfrail4GCwcbJWTjv1gyGk4pRSqWRi1lZfuGglxGDzva_hqlrGfytCFbEIhKlyYgJ2RyUKf9gTh8yvTT6NMBJaqnoO3BpA712g3tCE9TSjzBsj0dm5mQYm/s1600/sox_jan11.png"/>Markets have done well to clear the consolidates shaped during the latter part of 2025. There are still risks for 'bull traps' from these new breakouts, but for now, bulls have control of these indices. <hr/>More By This Author:Has The Semiconductor Index Peaked? Glass Half Full Or Half Empty Into 2026? Breakouts In Russell 2000 And Equal Weight S&amp;P Remain Stalled, But Not Defeated </div></div>

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The Russell 2000 has broken its December swing high, indicating bullish momentum, while the S&P has confirmed breakout support. A shift in outlook suggests a target of 7,250s. The Nasdaq is also showing bullish signs, although it has more ground to cover. Bitcoin is positioned to challenge 94.6K, and the Semiconductor Index has tested 7,500 successfully. Despite potential risks of 'bull traps', the current market sentiment remains bullish across these indices.

Fresh Breakout In Russell 2000 With Confirmation In S&P