RSP is equal weighted S&P vs Obviously SPY
The ratio between these two indicates where money is flowing into or selling out of.
There has been a market shift since Nov 2020 that is now approaching long term resistance.
High flyers like FANGS IPO ARKK SPAC etc... Are getting murdered while boring stocks holding up well.
Winners are usually the last to go and losers first to bounce. This has not been the case thus far.
Weak sectors such as Airlines were last to pop leading me to believe market could be term topping.
There are many such indicators I look at that suggest a possible top besides this one.
If I am correct everything will fall and bottom when the schitt sectors like airlines pop 1st followed by
Winners such as FANGS.