Constituents above 50MA & YTD price returns: Large-Cap: 62%, Up 20% Mid-Cap: 65%, Up 17% Small-Cap: 61%, Up 20% It makes sense that large-caps are expressing the largest divergence between returns & constituents given the concentration of the index and no upper market-cap bound. Large-Cap AMEX:SPY Mid-Cap AMEX:MDY Small-Cap AMEX:SLY
The outperformance in small & mid cap stocks so far this year is noticeable. I wouldn't be surprised to see this outperformance continue for the rest of 2021.
The mid cap stocks are breaking above this big resistance area. This is telling because it's saying that the broader market is starting to participate in this rally off the March lows. This is a bullish indicator to me.
Market has found support. No more bad news can come out. Market is oversold. R/R long side is good from here. Indicators building higher lows and higher highs. Short squeeze is coming.
$SPY midcap ETF struggling here. short under 342 as that would signal a lower high on daily $SPY