text: Midcap SPDR also forms inverse head-and-shoulders $MID | Don't Ignore This Chart! | StockCharts.com
  Midcap SPDR also forms inverse head-and-shoulders $MID
  Arthur Hill | September 20, 2010 at 05:08 PM
  In addition to the S&P 500 ($SPX), the S&P MidCap 400 ($MID) formed an inverse head-and-shoulders pattern over the last four months and broke neckline resistance with a surge on Monday. MACD also remains in bull mode as it remains in positive territory and above its signal line. See our chart school articles on chart patterns for more details.