Another day, another lifetime high, eh, folks? For the Russell 2000, which I think has been the most interesting big domestic index this year, we are again at a make-or-break point with respect to its own reversal points.

If the MidCaps are any guide, though, the prior highs will be swept aside, making a nightmarish scenario for equity bears even night-mare-ish-er. This analog is augmented by the inverted head and shoulders pattern I've pointed out with the Russell, shown above.