RTY futures surged past prior peaks, completing a corrective wave and entering a fresh uptrend, analysts said.
Russell 2000 Futures (RTY) reached a record high, breaching the 2918.4 level to mark the start of a new bullish cycle. The move follows a rally from the March 30, 2026 low, which concluded wave (1) at the prior peak.
After peaking, the index corrected in wave (2), bottoming at 2728.3 before resuming its advance. The breakout suggests the correction is complete, with further upside expected in the near term.
The development reflects renewed investor appetite for small-cap equities, though market reaction remains muted in early trading.