Small Caps Could Rally Another 8%
Chris Kimble | May 18, 2018 08:14AM ET
While the Dow, S&P 500, NASDAQ 100 and the NYSE all continue to chop sideways and remain below highs hit in January, the same can not be said for Small Caps
The 2-pack above highlights that IWM & IWC both appear to be creating bullish ascending triangle patterns and both are breaking above highs hit a couple of months ago at each (1). These breakouts have both of them hitting all-time highs.
Joe Friday Just The Facts– Measured moves suggest each could rally up to the prices zone at each (2), which is around 8% above current prices.
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