"The RSP equal-weight S&P (RSP) has generated a counter-trend sell signal around the $200 resistance and its underperformance vs. the cap-weighted S&P reduces breadth support for the rally."
@ ~$261.60
"OptionsPlay Trade Ideas - April 13, 2026"
Latest analyst takes
"The RSP equal-weight S&P (RSP) has generated a counter-trend sell signal around the $200 resistance and its underperformance vs. the cap-weighted S&P reduces breadth support for the rally."
"I am bearish on RSP (equal-weight S&P) because its recent loss of outperformance and a deteriorating rate backdrop make further downside more likely in the near term."