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Invesco S&P 500 Equal Weight ETFInvesco S&P 500 Equal Weight ETFInvesco S&P 500 Equal Weight ETF

Invesco S&P 500 Equal Weight ETF

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$RSP S&P 500 Equal Weight ETF – Trading Range AnalysisOverview Since June 24th, I have maintained a position in the RSP S&P 500 Equal Weight ETF. My decision to enter this position was based on two primary factors. First, the ETF had consolidated following a significant upward move from its previous bottom, presenting an attractive risk-reward opportunity for a stop-loss placement. Second, I anticipated that the ongoing bull market would broaden, benefiting a wider array of stocks. As an equal weight ETF, RSP offers exposure to smaller companies that could potentially deliver larger gains. This approach also serves to diversify risk across numerous companies. Current Trading Range Beginning in mid-August, RSP appears to have entered a trading range, with its price movement predominantly sideways since then. Despite this period of consolidation, I remain optimistic that, should the bull market continue, RSP will eventually break out above its current range. Position Management Strategy At present, my allocation to RSP is at its usual full position size. However, I am prepared to increase my exposure and potentially oversize the position if the ETF breaks above the trading range, which would occur around the $192.00 level. For those considering a new position, it may be prudent to wait for a close above the 50-day moving average (DMA), as indicated by the red line. This setup could present a favorable risk-reward scenario, with a stop placed below the most recent low. Considerations for Traders Although RSP is not currently offering a setup that meets the criteria for action within this trading strategy, it may be worthwhile to add the ETF to your watchlist. It is important for all readers to conduct their own analysis and consistently adhere to their personal trading rules. Remember, all investments carry inherent risk, and making informed decisions is essential when allocating capital.
AMEX:RSPLong
by Brent_Calver
S&P 500 Extreme Breadth Reading! Caution!Why It Matters Strong breadth = healthy rally, broad participation → more sustainable trend. Weak breadth = top-heavy rally, fragile momentum → prone to correction. Think of it like an airplane: If all four engines (hundreds of stocks) are pushing, you can climb easily. If one engine (a few mega-caps) is doing all the work, you can stay aloft — but not for long! CAUTION! is in order! Click boost, follow, comment nicely for more authentic, no BS, raw analysis. Let's get to 6,000 followers. ))
AMEX:RSPLong
by RealMacro
21
#RSP and a simple parallel channel give a hope for the next weekHi there! What a ride! I believe it’s a good thing that the market is closed for the weekend—I need to recharge my battery. Today's thoughts: If we draw a parallel channel on #RSP, which is equally structured by weight, we can observe that the price has touched the lower line. This means that, theoretically, the price could hold here and reverse in the next week (or weeks), as it did in October 2023. Alternatively, it may not hold and could move down further, similar to what happened in 2020. My point here is that the hysterical sell-off is near its end. The question remains: how much more pain will the Bulls endure before the reversal begins? Happy weekend!
AMEX:RSPLong
by ChartsPlusFun
US Markets Cleared For A 13% to 24% Rally - Get SomeThis video highlights why I believe the US markets are ready to make a big move higher over the next 12 to 24+ months. Many people suggest the markets will crack or crash, or we will experience some black/grey swan event. I'm afraid I have to disagree with this belief. Yes, there is always a chance we will see some market event. However, to disrupt the US/global economy, there would have to be some event that disrupts the world, not just one or two smaller countries. I do believe the US is making a broad transition into the 21st century, and new leadership (Govt) is required to make that happen. But I also believe the seeds have been planted for exponential growth over the next 10-20+ years - and many traders are too focused on the crash dummies to see the real potential. Watch this video. Share your comments if you like. I believe we will see pullbacks and rotations on the way up - but I don't think we'll see any big crash event until after 2031 (or later). Get some. This is going to be BIG. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:RSPLong
by BradMatheny
What is RSP telling us about this market ? For the longest, analyst were not convinced of the market strength although market was making new highs. This is because in their opinion the market was being led by a handful of stocks and the broader market was not participating in this uptrend. Today we have RSP, the equal weighted S&P 500 index breaking out of a triangle and looking set on claiming new highs. So what's the Difference between SPY and RSP ? I'm glad you asked :) SPY is a cap weighted index meaning that the companies with the highest (smallest) market cap hold more (less) weight in the Index and while the equal weighted means each companies have the same weight (2% in the RSP). As of June 21st 2024 (that'll work for the explanation) MSFT 7.19% NVDA 7.01% APPL 6.61% AMZN 3.69% Totaling 24.5% in the SPY. In the RSP they would each have a weight of 2% totaling 8%. Great, but what does that mean ? This means that large caps have less power and small and mid caps have more influence in the RSP than in SPY. So RSP breaking out might potentially signal that small and mid cap companies are on the move. Fundamentally this could be due to the fact that if rates come down, the smaller companies who rely more on debt might face less financial pressure and increase their bottom line. So its good to keep our eyes open on the smaller companies. This is not a call to action nor a recommendation but more of an idea im throwing out there. Cheers,
AMEX:RSPEducation
by jlhamilto
S&P 500 Equal Weight ETF P-like waveObservation: The S&P 500 Equal Weight ETF has been consolidating since April 2024. The price will enter the apex of consolidation in July through August, coiling for a breakout at that time; if not, the market will delay until US elections in November. Daily view: Daily consolidating since April 2024. P-like wave Weekly view: Weekly pullback to the box of 2022. Weekly flag pole Comment: Patience and sitting on hands in a bull market trend...
AMEX:RSP
by Rocketman