Small Caps only back to the 50day SMA.....no new highs yet.

Small Caps ($SML) Daily Chart @ Close 02/12/2014

Even though the High Beta NDX100 has scored a new high on this reaction rally; the Small Caps has lagged appreciably.
A cautionary tale or simply the new norm as 2014 unfolds in uncharted territory?

Storm in a Teacup?

S&P500 Daily Chart @ Close 02/07/2014

Sweet & Simple: Overhead Resistance @ both the 50day SMA + 61.8% retracement of losses circa 1808/09 defines another run @ the 1850 High. Failure below & the 1738 lows are @ risk.