
This is $RSP relative to $SPY on a daily chart. After a minor drop, $RSP relative to $SPY is back above the 200-day SMA and the 200-day EMA. For the sell off in tech & growth to stop, we need to see $RSP relative to $SPY put in a local top. Where is that local top? I don't know. Maybe somewhere above the 200-day SMA and the 200-day EMA; maybe... We'll see.