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Sunday, November 24, 2024

Small and Mid-Caps testing multi-year rising support again

Courtesy of Chris Kimble.

small and mic cap hanging onto support dec 22

CLICK ON CHART TO ENLARGE

Mid-Cap 400 (MDY) and Russell Small Cap 2000 (RUT) remain inside of clean multi-year rising channels.

Each has made a series of lower highs since the peaks this past summer.

It has paid to buy each of these on rising support, will it be different this time?

From a 30,000 foot view, the Power of the Patterns feels its important to hang onto support at (1) above!

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