CLICK ON CHART TO ENLARGE

Year to date, Micro (IWC) and Small Caps (IWM) are acting stronger than large caps. The strength in IWC and IWM have both of them testing all-time highs this week, which could be the top of bullish ascending triangles at each (1).

Two-thirds of the time the ascending triangle pattern leads to higher prices.

If they break above line (1), the measured move suggests that each could rally around 10%. The measured move target forĀ  IWC comes into play around the $112 level and for IWM the target comes into play around $178.

For Micro and Small caps to keep acting stronger than large caps, each needs to break above resistance at (1).

 

 

 

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past