Key resistance on S&P 500 ETF
US500
+0.51%
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RSP
+0.56%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
The Invesco S&P 500® Equal Weight ETF (NYSE:RSP) is an ETF of the S&P 500, equal weighted. And since the talk of the recent market strength has been focused on just a few individual stocks, we thought it would be important to note that the equal weighted ETF of the S&P500 hit key resistance today, which matches the highs from January 2022, risking a double top formation as the relative strength (RSI) is divergent. In the event, the broader markets turn lower from here, the risk is this equal weighted ETF could trade back below the 50dma (orange average) rather quickly.
RSP Chart