Apr. 3 at 7:42 AM
Small caps are still showing the strongest relative momentum among the major indices right now. IWM continues to hold its edge over large-cap peers, and the tape suggests leadership could persist into the next move.
If this strength continues, I’d be leaning more toward TNA over leveraged large-cap plays like
$TQQQ or SPXL on the next rally—small caps look like they want to lead.
Watch the key level around 253 on IWM. A clean break higher keeps the bullish structure intact. If price loses that level and slips back into the prior support zone (“green box”), that would invalidate the setup and signal caution.
Momentum is there—but stay disciplined. This is a levels-driven trade, not a chase.
