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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