gordonscottcmt

Resistance for Large Cap - Support for Small Cap

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
While iShares' Russell 2000 index ETF ( IWM ) broke new highs and found support on the retest, the large cap benchmarks failed to make new highs, showing resistance instead. Something's gotta give. Since the 10-year broke support ( inflation IS temporary) my guess is the large caps will soon follow the small caps higher.

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Nice piece buddy.
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