FTSE 100: a mature uptrend, the daily reaccelerating
ISF (FTSE 100): the daily reignites, but the weekly signal is fading
FTSE 100: a mature uptrend, the daily reaccelerating
Our view last week
The ISF, an ETF tracking the FTSE 100, is working more than 11% below its all-time high: wide room to run and a fresh double bottom just drawn in the 1000 area. The buy signal, though, has stalled — 14 weeks in and marginally below the entry price — with Signal Strength low and fading and the quality band advising against fresh entries. On the daily, buyers stay active; on the weekly, the drive dulls: an uptrend to walk along with the stop.
This week's summary
The ISF, an ETF tracking the FTSE 100, trades nearly 10% below its all-time high: wide room to run and a double bottom holding in the 1000 area. This week the daily reaccelerates - a bullish engulfing bar and more than 98% of turnover on the buy side - on a buy signal that long sat close to entry. Our indicators, though, stay cautious: Signal Strength low and fading, the quality band advising against new entries. Anyone already in walks the uptrend with the stop.
IQS Phase
71
in tension
Signal Strength
11
low · fading
ATH distance
9.79%
9.79%
KPI 4
0/3
Trade P&L %
+0.67%
from signal to today
restricted Platinum content