iShares STOXX Europe 600 Basic Resources: 2 targets hit, next trim window at week 10

The iShares STOXX Europe 600 Basic Resources is at week 8 of a buy signal, with 2 of the 3 targets of our most advanced model already hit and the trade up 5.7% from entry. The setup quality indicator sits at 53 out of 100 — ordinary phase — and the latest week shows weakness signals despite a positive close: discipline points toward a cautious trim.