Chart of the Day - Friday, December 3rd, 2021

Micro-caps break support $RUMIC pic.twitter.com/VW7yhPEmbO

— Michael Kahn, CMT (@mnkahn) December 3, 2021

Today’s Chart of the Day was shared by Michael Kahn (@mnkahn). It’s a daily bar chart of the Russell Micro-Cap index, year-to-date. Michael points out that Micro-Caps broke below support today, and closed at a 10-month low. Similar to Small-Caps, Micro-Caps have been stuck in a tight range for the majority of the year between 850~990. Small-Caps are holding on for dear life above support, but seeing Micro-Caps break down like this begs the question; will Small-Caps follow suit?

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Chart of the Day – Friday, December 3rd, 2021

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