All the different US stock market indexes—including the S&P 500, Dow Jones Industrial Average, Dow Jones Transports, NYSE Composite, Russell 3000, Russell 2000, NASDAQ 100, NASDAQ Composite and the iShares Russell 1000 ETF (NYSE:IWB), have now broken out above the top rail of their rising patterns, except for the two tech indexes.
The iShares Micro-Cap Fund (NYSE:IWC), indicates that small caps continue to be the strongest sector within the group.
Check out the comprehensive chart below. I know it may not feel like it, but rising wedges and flags that slope up in the same direction of the uptrend tell us the uptrend is very strong.