Small Cap ETF Russell 2000 continues to roar, reflecting an aggressively positive sentiment in the markets. ISHARES RUSSELL 2000 ETF $IWM Daily Chart (click to enlarge) Triangle Breakout:- The daily chart shows that the market was settling down since June, falling into a congestion, triangle pattern.- But after the coiling, price was still above the 200- and 100-day simple moving averages (SMAs), and mostly above the 50-day SMA as well.- Furthermore, the RSI held above 40, which reflected maintenance of the prevailing bullish momentum.- These were signs that the market was just resting before turning on the appetite for growth. - This week, price indeed broke above the triangle into new highs. - Now, if the market is continuing the bullish trend, the $$168.00-168.50 area will likely become support.