RSP

RSP remains in Stage 2 Advancing with intact uptrend but signs of hesitation at fresh highs. A bearish exhaustion candle and extreme overbought readings accompany a consolidation around the rising EMA9/EMA20 band. Under the Stable strategy, execution should be deferred—stalking for evidence of pullback absorption and support above the EMAs before committing.

• ↑YTD gain of 14.8% vs. SPY’s 13.5% implies broad rally.
• ↑Allocations: Industrials 16.3%, Financials 16%, Technology 14.1% support recovery.
• ↓Recession fears heighten risk of broad market correction.