I´m bullish for the small caps:) The market reached a logical target in the corrective movement. Now i´m looking forward to a bullish impulse to the upside. The scenario remains intact for the time being as long as the market stays above 2214.3. Below that level would be a bearish invalidation. As long as the market remains within this sideways range, everything is fine. Wave 2 would have even more room to correct. So my thesis is that the small caps are starting a small rally once again. That would also correlate with my general assessment of the market.
