Developed-markets ETF, trend cooling off
IEFA slips 1% as the trend cools and sellers retake control
Developed-markets ETF, trend cooling off
Our view last week
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.
This week's summary
IEFA, the iShares ETF tracking developed markets outside the US and Canada (MSCI EAFE), closed the week down 1% with sellers back in charge: money flow turned negative after three positive weeks, while the weekly ADX has slipped for a fifth straight week, a sign the trend is losing steam. Price remains boxed between its 50-day average and the daily pivot, just above the double bottom in the 95 area that sparked the rebound. A technical setup worth watching closely.
IQS Phase
46
ordinary
Signal Strength
42
medium · weak
Sizing
REDUCED
Ranking
#70 / 112
US stocks in progress
Trade P&L %
+0.98%
from signal to today
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