Overview:
During major market rallies, small caps usually lead the large caps.
As an example, if you see that the Market is rallying, but the Small Caps are lagging behind or falling, then the Market rally will likely end as well unless the Small Caps recover. Likewise, if the Market is falling, but the Small Caps begin to rally, this may be an idication that the Market Market correction may soon be over.
When the Ratio is trending up, small caps are leading and indicates the jmarket can support a rally.
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