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Russell 2000/IWM in Bear Market

While some indexes rallied to the yearend (DJIA, Nasdaq Comp), other indexes peaked around November 8, 2021. Now, Russell 2000/IWM is in the bear territory. Don't even ask about the EMs that peaked in mid-February 2021. All major indexes are below 200-dMA except DJ Utilities - what's up with that? AAII Sentiment is very negative - the most bearish in about 9 years. This week had volatile swings in the market. May be the market is trying to form a base or bottom.
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