Justin Seda E Cauberghe @Fostijn: "Dear Copiers and Followers, As you..."

Thailand

Dear Copiers and Followers, As you can see in my portfolio I am long $RSP (Invesco S&P 500 Equal Weight ETF ). The equal-weight S&P 500 continues to look constructive on the weekly chart, 𝗵𝗼𝗹𝗱𝗶𝗻𝗴 𝗮𝗯𝗼𝘃𝗲 𝗯𝗼𝘁𝗵 𝘁𝗵𝗲 𝟮𝟭-𝘄𝗲𝗲𝗸 𝗮𝗻𝗱 𝟲𝟯-𝘄𝗲𝗲𝗸 𝗺𝗼𝘃𝗶𝗻𝗴 𝗮𝘃𝗲𝗿𝗮𝗴𝗲𝘀 while maintaining 𝗮 𝗽𝗮𝘁𝘁𝗲𝗿𝗻 𝗼𝗳 𝗵𝗶𝗴𝗵𝗲𝗿 𝗵𝗶𝗴𝗵𝘀 𝗮𝗻𝗱 𝗵𝗶𝗴𝗵𝗲𝗿 𝗹𝗼𝘄𝘀. What I find particularly encouraging is the 𝗶𝗺𝗽𝗿𝗼𝘃𝗲𝗺𝗲𝗻𝘁 𝗶𝗻 𝗺𝗮𝗿𝗸𝗲𝘁 𝗯𝗿𝗲𝗮𝗱𝘁𝗵. RSP appears stronger than it did a few months ago, suggesting the rally is being driven by a broader group of stocks rather than just a handful of mega-caps. Based on my technical analysis, 𝗺𝘆 𝗻𝗲𝘅𝘁 𝘁𝗲𝗰𝗵𝗻𝗶𝗰𝗮𝗹 𝘁𝗮𝗿𝗴𝗲𝘁 𝗶𝘀 𝟮𝟭𝟲.𝟴𝟯, 𝗯𝗮𝘀𝗲𝗱 𝗼𝗻 𝘁𝗵𝗲 𝟭.𝟲𝟭𝟴 𝗙𝗶𝗯𝗼𝗻𝗮𝗰𝗰𝗶 𝗲𝘅𝘁𝗲𝗻𝘀𝗶𝗼𝗻. While no outcome is guaranteed, I remain constructive on the outlook 𝗮𝘀 𝗹𝗼𝗻𝗴 𝗮𝘀 𝘁𝗵𝗲 𝗯𝗿𝗲𝗮𝗸𝗼𝘂𝘁 𝗮𝗯𝗼𝘃𝗲 𝟮𝟬𝟱 𝗵𝗼𝗹𝗱𝘀, I remain 𝗯𝘂𝗹𝗹𝗶𝘀𝗵. $RSP $SPX500

Not investment advice. The author may have financial interests in the mentioned instruments.

2 Mentioned

RSP

Invesco S&P 500 Equal Weight ETF

SPX500

SPX500 Index (Non Expiry)

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