Forget The S&P 500: Think Micro Cap

Published 06/28/2017, 02:10 PM
Updated 07/09/2023, 06:31 AM
US500
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IWC
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Until recently, small and micro-cap ETFs have lagged the S&P 500. Yet in the past month, the opposite has been true, as small- and micro-caps have surged. Below takes a peak at micro-cap ETF (NYSE:IWC) and the potential bullish pattern it is attempting to breakout from.

Weekly iShares Micro-Cap ETF

While IWC has traded sideways for several months, it still lagged the S&P 500. Now that IWC is working on a breakout at (2), it has been stronger than the S&P 500 this past month and is now working on hitting all-time highs. Historically, when small- and micro-caps have hit all-time highs at the same time, it has been bullish for large caps.

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