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Invesco S&P 500 Equal Weight ETF

$RSP: Double TOP formation

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It is concerning that RSP has formed a double top. If confirmed, the target price is set at 178. A breakdown of RSP will face no obstacles until reaching 180, which is a demand zone and coincides with the rising 20-day simple moving average.
OLIV2020
Chart PatternsDouble TopelliotwaveanalysisTechnical IndicatorsRSPtechincalanalysisWave Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsDouble TopelliotwaveanalysisTechnical IndicatorsRSPtechincalanalysisWave Analysis
OLIV2020

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.