in-between the world of small caps ($RUT/IWM) and large-cap stocks ($SPX/$NDX, etc..) lies the universe of mid-cap stocks. many of the trades posted here and elsewhere fall into that category. here’s the daily chart showing what appears to be a megaphone (aka- broadening top) pattern in it’s final stages. although inherently bearish, this pattern sometimes results in a bullish breakout to the upside so just respect whichever way things break on this one, assuming that the other major indices confirm with breakouts in the same direction.
