Steve Miller on $RSP

Steve Miller has discussed $RSP in 2 videos since 2026-11-06. The latest, on 2026-11-07, was bearish.

2026-11-07Bearish

“US Stock Market - S&P 500 SPX & NDX | Price Projections & Cycle Timing”

AI summary · RSP hit a record high after the election, then failed; this looks like a double peak, so momentum should begin to reverse. With the cycle's low broken, rallies over the next week or two are likely to fail, and the breakdown is very negative — consistent with a decline into December and possibly April.

Okay, the stock market. We will take a look at the S&P 500, Nasdaq, RSP, and VIX indices.

RSP is the green color here, and it is the equal weight. You can see that the RSP cycle line here is pointing to a new high this week, because that's what happened, while the S&P 500 was moving downwards.

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2026-11-06Bearish

“askSlim Market Week 11/6/26 - Analysis of Financial Markets”

AI summary · RSP looks like a double top after a new record high, with an engulfing pattern and a daily break of the time cycle's low; momentum should decline and rallies in the next week or two are likely to fail — very negative. The indicator, only two days old and slow to signal, is still positive but hard to rise.

Let's take a look at the RSP indicator. RSP here is the isoweighted index. This was extremely powerful. We said last week that we believed—look at the amazing rhythms here—that given the situation was taking shape upwards and the momentum was strong, we were likely to see the market heading towards a new record high.

He actually did that after the election. He got there and then experienced this failure at that point.

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