![Can the S&P 500, Russell 2000, and Nasdaq Avoid a ‘Bull-Trap’ Today? Can the S&P 500, Russell 2000, and Nasdaq Avoid a ‘Bull-Trap’ Today?](https://d1-invdn-com.investing.com/company_logo/9949_1385570818.jpg)
Last week finished on a high with breakouts in the , and .
The Russell 2000 went a step further with a breakout on the weekly time frame too. The break on the weekly time frame for the Russell 2000 is critical as it marks the start of a right-hand-side base after repeated attempts to clear $195 ($IWM) had failed.
If there is a concern (across the board) it’s that breakout volume was modest.
![IWM-Weekly Chart IWM-Weekly Chart](https://d1-invdn-com.investing.com/content/pica92beb69d11942058b8ccbe44e2dcc7d.png)
IWM-Weekly Chart
![IWM-Daily Chart IWM-Daily Chart](https://d1-invdn-com.investing.com/content/pic32cd0e4d8a192aa82c7be6442f3bedb6.png)
IWM-Daily Chart
The Nasdaq kept up with its step-by-step rally, delivering a breakout with new ‘buy’ triggers in the MACD and On-Balance-Volume, although the former indicator had flatlined so it’s not the most effusive ‘buy’ trigger.
![COMPQ-Daily Chart COMPQ-Daily Chart](https://d1-invdn-com.investing.com/content/pica22062d2bdfd7afce45583efb05a9eed.png)
COMPQ-Daily Chart
The S&P 500 gained just under 1%, a little less than the Nasdaq, but the breakout was just as valid.
The index has a much stronger accumulation trend than the Nasdaq, and with all indexes in alignment on breakouts with small-cap leadership, all indexes should continue to perform well.
![SPX-Daily Chart SPX-Daily Chart](https://d1-invdn-com.investing.com/content/picd0802315b0f4c3491e2b8a829ba9a75d.png)
SPX-Daily Chart
Heading into this week, we may see some early weakness, and if we do, it will be important we don’t see a close below Friday’s open.
If this was to happen, we would be at risk of a ‘bull trap’. Intraday losses, even losses that undercut the breakout are okay, it’s how markets finish that’s important.