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I charted RSP on 5/19/09 after it closed for the day at $30.75. 

RSP broke below two recent trend lines of higher lows, but regained its footing
RSP fell below its 10 and 20 day moving averages, but also regained its footing …

Rydex S&P Equal Weight (NYSE Arca: RSP) is an ETF that attempts to track the performance of the S&P Equal Weight index.  This is different than the S&P 500 index (tracked in the ETF SPY, among others) that gives stocks with higher market …