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RSP Chart.....
RSP DOWN TREND
RSP Chart
RSP from ART HILL
The chart below shows the Equal-Weight S&P 500 ETF (RSP) with 10-day RSI. I chose 10 days because 14-day RSI rarely exceeds 30/70 and 5-day RSI exceeds 30/70 too often. It is a fielders choice! First and foremost, notice the progression of higher highs from April to September. RSP also recorded fresh 52-week highs in August and September
The indicator window shows RSI dipping well below 30 in early February with strong selling pressure. There was another dip below 30 in March, but this was not as deep. The dips since March have not exceeded 30 and RSI has not been below 40 since late June. This reflects limited selling pressure. Throw in four moves above 70 since June and you have a strong uptrend
RSP 30 D W M PF
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Followers
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Posters
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Posts (Today)
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0
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Posts (Total)
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9
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Created
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09/09/09
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Type
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Free
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Investment Objective
Seeks to replicate as closely as possible the performance of the S&P Equal Weight Index, before fees and expenses, on a daily basis.
Net Asset Value
Net Asset Value $ 35.75
Change $ 0.41 | 1.17%
Summary
Ticker RSP
CUSIP 78355W106
Asset Class Broad Market
Inception Date 04/24/2003
Expense Ratio 0.40%
IOPV Ticker RSP.IV
Related Index Ticker SPXEW
http://www.rydex-sgi.com/products/etfs/products/overview.rails?rydex_symbol=RSP
