FYI: (The Linkster moved from IJH to IJT as of today.)
My friend Jon Krinsky (MKM Partners) is out with a new note arguing that the 5-month consolidation for small caps (Russell 2000) is about to be resolved with a big move in one direction or the other. Krinsky says a bullish breakout is more likely. Notably, it appears to be small cap growth stocks leading as opposed to small cap value.
Regards,
Ted
http://thereformedbroker.com/2017/04/24/chart-o-the-day-small-caps-and-seasonality/