The S&P 500 Equal Weighted Is in a Downtrend of Lower Highs at This Point

RSP which is the S&P 500 equal weighted has been trending lower for a few weeks. It's pinned under all its moving averages so it's hard to see a real rally in this case. If we had a strong rally there'd be dozens of stocks that are close to to hitting buy zones but when you have sideways choppy action rise intraday fall into you know fall from opening highs rather than break outs.