Small and Midcaps start leading the move lower. Will they continue to drive Markets lower a week after Most Analysts preemptively called it the Bottom Long term for Madcaps? Strong possibility as Analysts rarely turn on a dime so fast to call a bottom.

Small Stocks lead lower in the US as well #russel #us2000 #dow #stocks #SmallCaps

“Midcap indices have not moved much in the last week, in fact since I noted that we are at 5=1 on daily charts prices are flat. Maybe this is a triangle, and at the end of all the Midcap rallies since 2017 we have seen triangle patterns, either expanding or contracting before a reversal. So breadth was negative for most of the last week and this needs to be watched for follow up action. A break down from the triangle would be a near term trend reversal to start with for the broad market.”