Don't Ignore This Chart!: S&P MidCap 400 SPDR Battles Triangle Resistance

Don't Ignore This Chart!

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S&P MidCap 400 SPDR Battles Triangle Resistance

August 03, 2012 at 12:36 PM | written by Arthur Hill

The S&P MidCap 400 SPDR (MDY) continues to underperforming the S&P 500 ETF (SPY), but the ETF is showing signs of life with a surge off back above the 200-day and a challenge to triangle resistance. A breakout would be bullish and target a move to the spring highs.

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