Sell signal in observation · week 3
ITOT slips 0.2% within 2% of its all-time high: the Sell signal still has no push
Our view last week
A week ago price was pinned under the daily Kumo ceiling; this week ITOT, the US total stock market ETF, pushed above it and closed up 1.1%, with 83% of the latest session's volume on the buy side. ITOT technical analysis shows a Sell signal that is nearly spent: signal strength drops to 2 out of 100 as price climbs back toward the Inversion Point. The price action stays indecisive, and the signal's second week closed higher, with confirmation pending, a setup worth watching for swing trading.
This week's summary
An indecisive weekly candle with a small body and a 0.2% dip: ITOT, the US total stock market ETF, still sits less than 2% below its all-time high. A week ago it cleared the daily Kumo ceiling, and this week it held above it. ITOT technical analysis shows a Sell signal with nothing left: signal strength stuck at 2 out of 100, price close to the Inversion Point, ADX falling for 5 weeks. For swing trading on US stocks it is a setup to watch, with price action still lacking direction.
IQS Phase
61
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#161 / 175
US stocks sell signals
Trade P&L %
-0.97%
from signal to date, no stop loss
ITOT US Total Market weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 161st among the 175 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorETF Broad
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
ITOT belongs to the etf broad sector (reference ETF ).
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