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BlueHatInvestor

S&P 500 Equal Weight ETF (RSP) ~ December 4H Swing

Invesco S&P 500 Equal Weight ETF (BATS:RSP)  
BlueHatInvestor  
BATS:RSP   Invesco S&P 500 Equal Weight ETF
Trend Analysis Support and Resistance Fibonacci RSP rspanalysis S&P 500 E-Mini Futures SPDR S&P 500 ETF (SPY) us500 SPX (S&P 500 Index) ETF chartanalysis Technical Analysis
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trendanalysis supportandresistance fibonacci rsp rspanalysis es1! spy us500 spx etf chartanalysis technicalanalysis
RSP chart analysis/mapping.

RSP ETF rally representing S&P market breadth - offering legitimacy to overall market strength & further indication of healthy stock rotation, instead of "Magnificent 7" concentration.

Trading scenarios:
  • Continuation rally #1 = ascending trend-line (white) / descending trend-line (light blue) confluence zone.
  • Continuation rally #2 = multiple gap fills / 78.6% confluence zone.
  • Shallow pullback #1 = 61.8% Fib / ascending trend-line (green dashed).
  • Shallow pullback #2 = gap fill / 50% Fib / 200MA confluence zone.
  • Deeper pullback #1 = gap fill / 38.2% Fib confluence zone.
  • Capitulation #1 = descending trend-line (white) / gap fill / ascending trend-line (light blue) / 23.6% Fib confluence zone.

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