RSP is stabilizing and not yet outperforming cap-weighted indices; a breakout above 213 is the key signal being watched.
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Schwab NetworkPublished Oct 8 · 2 passages
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The S&P 500 Equal Weight Index has been down about 7% since its peak, but has started to recover some of that over the past two days. However, if you look at the RSP (S&P 500 Equal Weighted Index), it is still in a stabilization phase.
It has not yet fully begun to outperform market capitalization indices.
This is exactly what I'm looking for: this breakout above the 213 level in the RSP indicator, as a dividing line.
What this channel has said about $RSP
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2026-10-08This one
The S&P 500 Equal Weight Index has been down about 7% since its peak, but has started to recover some of that over the past two days.