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I shared last week with Premium members that the Mid-Cap/SPY ratio appeared to be oversold, at support and looked to be creating a bullish falling wedge, which was a good place to go long MDY with a stop below support.
At the same time it appeared that the Russell 2000 was in a similar bullish situation, as I shared that small caps were due a rally one week ago at See It Markets, a day before the key reversal wicks took place last Wednesday in SPY & TLT shared on Stocktwits (see reversal wicks here)
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Thx for your kind comments and viewership Claude. Yes MDY has been working ok of late
Chris, many thanks for the recent heads-up on MDY. I’ve been
following your charts; got linked to you via Doug Short. Both you guys are most insightful. I’m having real, problema going
long/short; kinda like frozen in time. I’m asking myself where the Fib retracement levels are on major indices.
Give Joe Friday my best:)),
Claude Posella
North Bend, WA