S&P Equal Weight to S&P Ratio breaks below 2009 lows
![Image](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0S4xbCxIHBWMgnmrDkZXMPRKIzoPETLZ-Eg58ksBy2yzeaq9J1Tk67ZesLKfygd_uK4RVMaPY8ewlV6iQlqQEkX7L1v4w2Fs2iXbHC0SK25EoM2prDiqKPK4xKTh73GMliy5cbKnoRUknF7T5Hb0rePz-T-l0GHMkvqtyN2r3mpFoBMsaZhEp/s1600/rsp_may29b.png)
I was going through my charts and came across one I don't normally look at, but I thought it was interesting. The S&P ratio of equal weight, $RSP, to the S&P, $SPY, has reached a value below that of the 2009 bottom. I'm not sure of the significance of this yet as the S&P ($SPY) hasn't reached any capitulation low, but if there is a long trade, then this is one such opportunity.