ARTICLE SYNOPSIS...The S&P Small Cap Index ($SML) remains in a clear uptrend, but a reversal pattern could be taking shape.
ARTICLE SYNOPSIS...The bullish rally of the S&P 600 Small Cap Index is likely to slow down near the previous high resistance.
ARTICLE SYNOPSIS...Although relatively rare, the S&P SmallCap Index (SML) formed its second broadening formation in the last four years.
ARTICLE SYNOPSIS...Statistical analysis is used here to show that the S&P 600 Small Cap Index has reversed from an uptrend to a downtrend.
ARTICLE SYNOPSIS...The S&P 600 Small Cap Index has reached the target on a head & shoulders top reversal pattern. After the prolonged fall, the index shows bullish signs for the rally.
ARTICLE SYNOPSIS...After breaching the resistance, the S&P 600 Small Cap Index entered a healthy uptrend.