$IWM is on the cusp of breaking out of this bullish wedge
Price is just at the limit now at $218, a breakout above this level and holding and we have a bullish signal and Wave 3 would be next at $245 over the next few months
If Mega Caps fall out of favour trying to go higher then their previous ATH levels, then we could see some rotation out of Megas into Small Caps and Safe havens
The market does appear to be looking for diversified positions right now.