SPY/RSP market Breadth has improved in June, but more work to do
SPY (market weighted) divided by RSP (Equal Weighted) has improved (declined) since June 1, which is encouraging, but the long term trend is strongly up. The recent reversal in this measure since June 1 needs to continue for overall market health. (A higher reading indicates less broad participation in the market).
Those who say that only price matters, and not broad market participation with volume, I disagree. A lack of market participation makes a market extremely vulnerable to manipulators and also creates a market over sensitized to external shocks.
Let's see if there is follow through with a positive reading.
Those who say that only price matters, and not broad market participation with volume, I disagree. A lack of market participation makes a market extremely vulnerable to manipulators and also creates a market over sensitized to external shocks.
Let's see if there is follow through with a positive reading.
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