RSP performing better than $SPX, good news for breadth
Invesco S&P 500 Equal Weight ETFArca
Description
⋅ The AMEX:SPY is underperforming AMEX:RSP (equal weight SP:SPX).
This means that underperformers could very well pick up the slack & outperform the Big 7 going forward. They have been performing well.
The Volatility Index TVC:VIX is down on the day BUT up from open.
Will the moving avg's push it lower or do we get some sort of support here? This is a MAJOR SUPPORT level!
TVC:VIX rarely gets close to oversold, let alone oversold.
AMEX:SPXS AMEX:SPXL #stocks