Mid-Cap 400 index outperformed the 500 index by over 50% during two strong time windows highlighted below.
This upside outperformer it testing several key levels of support right now!!!
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Once the Mid-Cap index broke rising and channel support at (1) a rather sharp and sizable decline took place back in 2008. Now this key index is testing channel and rising support again at (2).
Support is Support until broken! Apple and MDY have been upside leaders…both on support at the same time! (see Apple support here)
Keep a close eye on this leading index, because if long-term support does give way at (2), this upside leader could do the very opposite!
