Think Small- Bullish breakout for Micro Caps!
So far this year, Small & Micro Cap ETF’s are lagging the S&P 500. Over the past month the opposite is taking place, as small and micro caps have been stronger. Below takes a peak at micro cap ETF (IWC) and the potential bullish pattern it is attempting to breakout from.
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While IWC was trading sideways for several months, it lagged the S&P 500. Now that IWC is working on a breakout at (2), it has been stronger than the S&P 500 this past month and is now working on hitting all-time highs. Historically when Small & Micro caps are hitting all-time highs at the same time, sends bullish message to large caps.
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