RSP - Equally Weighted S&P 500 ETF
Long RSP for an expansion in Market Breadth
I think one of the most interesting developments today is that the RSP is breaking higher.
Since the beginning of '24 there has been bad breadth and thin leadership. Now the RSP is above its Feb Value Area and above recent highs. I particularly like the consolidation before this push higher.
My intermediate target using the MarketWebs Indicator is $165.9, which is an extension away from this months Value Area
I think one of the most interesting developments today is that the RSP is breaking higher.
Since the beginning of '24 there has been bad breadth and thin leadership. Now the RSP is above its Feb Value Area and above recent highs. I particularly like the consolidation before this push higher.
My intermediate target using the MarketWebs Indicator is $165.9, which is an extension away from this months Value Area