NEW YORK (TheStreet) -- Chartists like to see a big, broad market when stocks rally. A broad market rally should include small-caps and their time may have finally come.

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The chart of iShares Russell 2000 Index (IWM) - Get Report , above, looks very encouraging to us. IWM has made a higher low and higher high -- an uptrend. Prices are above the rising 20-day and 50-day simple moving averages (these are more sensitive on picking up a new trend). The Moving Average Convergence Divergence oscillator is positive and the recent price action could be a "bull flag" pattern. An upside breakout should happen very soon.

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