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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)
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:)),
North Bend, WA