Asia stocks climb tracking Wall St rally; Nikkei hits record high, China GDP beats
Last week I wrote a Daily speculating on whether Granddad Russell 2000 (IWM) had put in a technical pattern called triple tops, or if IWM will clear the highs of 2021, 2024, and now 2025 and keep screaming higher. 
A triple top pattern is a bearish technical analysis chart pattern that signals a potential reversal from an uptrend to a downtrend.
It forms when an asset’s price reaches a similar resistance level three times, failing to break higher on each attempt.
To confirm, a triple top means the price breaks below the support level drawn among the 3 peaks.
With IWM, the support level is lower at around 210-215. At this point, we just do not know.
But we do know that IWM has rejected the highs for now.
And, if we look at the lows of the last 3 weeks, in sequence, the prices are
235.42, 236.75, and this week 237.55. So far.
While I will not predict that this is anything more than a correction, I will get more concerned if we close this week under 237.55, as that breaks the pattern of consistent higher lows.
Meanwhile, IWM is still outperforming the benchmark
The momentum made a high at the peak price in November 2024. If you look at the red dots, IWM did not match the 11/24 high in momentum, even though the price recently made was higher than the price last November. 
Something to watch.
Granny Retail XRT reached its peak last week.
However, we must also note that the real all-time highs were made in 2021 at 104, so overall, this sector is underperforming compared to COVID times.
With that said, this week we are seeing a classic potential reversal top.
Should XRT close this week below the low of last week or under 86.46, we could assume a bigger correction is coming.
How big?
I would guess a trip down to the 80 area is possible.
XRT is now performing on par with the benchmark.
Momentum is flashing a mean reversion to the sell side.
Beyond that, we do not see a divergence between price and momentum.