Developed-markets ETF: momentum cooling near highs
IEFA closes flat (-0.1%): the rally toward the highs loses steam
Developed-markets ETF: momentum cooling near highs
Our view last week
IEFA, the core developed-markets ETF excluding the US, is in week 12 of a buy setup that has already hit all 3 targets of our most advanced model. Coverage is complete: the residual capital continues with the stop trailing the Inversion Point, currently at +2.08% since entry. On the technical side, the week just closed shows buying strength returning, with price hugging highs already tested multiple times.
This week's summary
Weekly technical analysis. IEFA is still pushing toward its record highs, but the pace is easing: the week closes flat, the last candle shows a fading body, and the weekly ADX has slipped for a fourth straight week — the trend is losing conviction. Money flow stays positive, though less decisive than seven days ago, and the daily chart still carries the mark of the double bottom in the 95 area that sparked this rebound. A setup worth watching closely.
IQS Phase
52
ordinary
Signal Strength
38
medium · weak
Sizing
REDUCED
Ranking
#93 / 129
US stocks in progress
Trade P&L %
+1.99%
from signal to today
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