Right now, we have a divergent market where the Dow is still wrestling with the middle of the range while the small caps are leading to the upside. The wild card could now be oil stocks now that oil peaked in its 233-day window and made a hard-right turn through near-term resistance. As you can see from the chart below, there were two main support zones based on the recent action going back to the low in February.
From:: Resource Investor