RSP Invesco S&P 500 Equal Weight ETF

Market breadth continues its the decline that started mid August. S&P 500 stocks trading above the 100 Daily Moving Average (DMA) has dropped below the 50% threshold, with those trading above the 50 DMA down to 38% and the 20 DMA just below 25%. This is also reflected in the $RSP equal eight, which began the month of September with a downside breach of its distribution range. Historically this has led the weighted indices $SPY $SPX $VOO down to correction territory.

$RSP gained 0.60% while $SMH fell 2.84%. $KRE rebounded 1.02%, but small caps barely advanced. The next test is whether equal weight and banks preserve support as chips stabilize. A wider decline across those groups would challenge the repair.

$RSP Just a coincidence that price looked above then failed to hold above the inner channel Res only to start dropping precipitously? I think not. That also means it could have a long way to drop. 👀

$RSP is down -5.70% since 8/19 and $IWM is down 7.99% since 8/14. Then you have the Russell 1000, which is basically a combination of S&P 500 and QQQ names. Near highs. Top ten holdings: NVDA, AAPL, MSFT, AMZN, GOOGL, AVGO, GOOG, META, MU, TSLA. The Russell 1k advance-decline line is in the gutter. It's a rolling correction.

$RSP $QQQM the pullback in these two shows the wild concentration of a select few companies in the tradional $SPY and $QQQ funds. Initially I thought that trickle buying in the RSP and QQQM would lessen the AI centralized exposure in a pullback, but the ongoing slump is proving harder than expected

$RSP options flow lesson: one options print is evidence, not a complete thesis. A large print can be directional, hedged, or one leg of a spread. Price structure and the next open interest settle help grade it. The alert snapshot shows $2.9M in the Oct 16 $210 calls. Volume was 8.0x standing open interest at capture. Intraday volume does not establish whether a position was opened or held; the next settled open interest is the check.

$RSP desperately need tech to go down. This will help the S&P 450. Until then - same names up and same names down

🟢 $RSP 215C Oct 16 💰 $221,600 premium 💵 $1.85/contract 📊 2.1x Vol/OI 📍 Spot $212.99 💰 Large premium | 🚨 Repeat sweep 🌊 Dark Flow | Options Flow

🟢 $RSP 230C Dec 17 💰 $299,600 premium 💵 $10.7/contract 📊 2.1x Vol/OI 📍 Spot $213.94 💰 Large premium | 🚨 Repeat sweep 🌊 Dark Flow | Options Flow

🟢 $RSP 215C Oct 16 💰 $250,200 premium 💵 $3.2/contract 📊 9.2x Vol/OI 📍 Spot $214.89 💰 Large premium 🌊 Dark Flow | Options Flow