S&P 500 ETF: week 9 buy, price capped under the highs
iShares Core S&P 500 ETF adds 1.4% but stays capped under the highs
S&P 500 ETF: week 9 buy, price capped under the highs
Our view last week
iShares Core S&P 500 UCITS ETF is in week 9 of a buy signal, but momentum has faded: signal strength is down to 32 out of 100 and the setup quality indicator sits at 48, an ordinary phase. The trade is still up 0.4% since entry, with 2 of the 3 targets of our most advanced model already hit and the stop now tightened above entry. It ranks 59th among the 62 buy positions already running on European-UK stocks.
This week's summary
iShares Core S&P 500 UCITS ETF is nine weeks into a buy signal: the week closed up 1.4%, with a daily double bottom and a 3% rebound, but under the surface the picture stays tight — volume contracting, sellers dominant on the last bar, price boxed under highs already tested three times. Signal strength drops to 32 out of 100: weak conviction, technical analysis of a basket still in a precarious balance.
Open BUY
·9th week from start
·EU-UK stocks
·T1
IQS Phase
48
ordinary
Signal Strength
32
medium · weak
Sizing
REDUCED
Ranking
#53 / 60
EU-UK stocks in progress
Trade P&L %
+0.40%
from signal to today
restricted Platinum content