JoelTCampbellJr

General Market Direction - Lead Lag

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AMEX:SPY   SPDR S&P 500 ETF TRUST
In these charts I show support and resistance levels for Mega Cap XLG , S&P 500 SPY , Mid Cap SPMD and Small Cap Stocks SPSM .

If the saying is true that some tides rise all waters we see that Mega Cap is leading the way and soon to follow should be the rest of the crew. This is what I am watching for in the markets today.

If Mega Cap can not rise all waters then we have a problem.

Just something to keep your eye on today and I appreciate any thoughts you have.

"At least 50% of the whole game is the general market."
-William J O'Neil

"Don't let anyone tell you that you can't time the market"
-William J O'Neil - Chapter 9
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