Mid Caps 3 Peaks Similar to 2007 or Set to Breakout?

technical analysis, stock chart analysis, stock charts, technical chart, chart analysisBy Brad Tompkins
There is no shortage of market predictions for the rest of 2012 and into 2013. I would rather not try to guess what will happen, but instead be prepared for all outcomes.

The US MidCap Stock Index presents an interesting picture. It could be setting up for another breakout. But, just in case it doesn’t , I’ve been mapping out potential support areas. I’m also fascinated by the pattern of breakouts and back tests that are displayed on the chart. Stay tuned.

mid cap stocks, mid cap stock index, chart, 3 peaks, technical analysis, technical pattern, technical formation


Twitter:  @BBTompkins and @seeitmarket     Facebook:  See It Market

No position in any of the securities mentioned at the time of publication.

Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

Sign up for our FREE newsletter
and receive our best trading ideas and research