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Expansion means complexity and complexity decay.
Northcote Parkinson

S&P 600 (Small Cap 600 Index)

S&P 600 Small Cap Index   The Blue line is a 20 day Donchian channel, red line is a 5 day exponential average, green line is a 20 day exponential average,200 day xaverage yellow.
S&P 500 weekly (green) S&P 600 weekly (blue) overlay, 52 week % change below.