RCL showing strength while SPX struggles to penetrate June low.
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Market overview: - S&P 500 and Nasdaq composite show signs of struggles to breakout June Lows. - VIX index is meets a strong resistance at 33-34 level. RCL: - Has shown relative strength compared to SPX. - Failed to go below the cluster level at 43-44. - RSI has a history of reversing from the current zone. Timeframe used: 130 minutes