ITOT: buyers retake control
ITOT gains 1.1% as buyers retake control near its record highs
ITOT: buyers retake control
Our view last week
iShares Core S&P Total U.S. Stock Market ETF is in week 12 of a buy signal, with the trade up 10.14% since entry. All 3 targets of our most advanced model have already been hit: coverage is complete, and the stop now tracks the weekly Inversion Point, in the 159.8 area. Signal strength stays modest at 33 out of 100, in an otherwise ordinary technical picture.
This week's summary
This week's technical analysis on ITOT tells a clean change of hands: buyers are back in control of 97% of trading, after a session two weeks ago that saw sellers hold 80% of volume, confirming the 5% rebound off the double bottom in the 159 area. The fund stays glued to its record highs, just 0.53 percentage points away — a level already tested 6 times over the last 10 weeks — while underneath, momentum keeps fading week after week.
IQS Phase
67
in tension
Signal Strength
29
low · fading
Sizing
MINIMUM
Ranking
#115 / 129
US stocks in progress
Trade P&L %
+11.35%
from signal to today
restricted Platinum content