Let's look at the difference between the S&P 100 (big stocks) and the Russell microcap index.
The S&P 100 continues to move higher. We have a clear pattern of lower lows (A) and lower highs (B). Also note the price EMA picture which is bullish -- all the EMAs are moving higher, the shorter EMAs are above the longer EMAs and prices are above all the EMAs.
A.) Prices formed a double top with the first top at the end of September and the second top at the end of October
B.) Prices fell to the 200 day EMA
C.) Note the bearish orientation of the shorter EMAs -- the shorter EMAs are below the longer EMAs, prices are below all the EMAs and all the shorter EMAs are moving lower.
In other words, big stocks have a bid and small stocks don't.
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