Textbook Pre-Breakout Price Action
Hey, Ross here! I’ve been watching the RSP – the Equal Weight S&P 500 – and it’s flashing a textbook setup. Unlike the traditional S&P, this version gives every stock equal say, which gives us a much better sense of how the average stock is really doing. Right now, RSP is coiling tightly just below resistance… and bumping up against it more and more often. That’s classic pre-breakout behavior. I explain what that could mean for the broader market in today’s Insight.