Sell signal under observation — week 2
Roundhill Magnificent Seven ETF: decline holds, but the double bottom clouds the picture
Sell signal under observation — week 2
In Summary
In week 2 of the sell signal on the Roundhill Magnificent Seven ETF, the weekly setup remains bearish — but friction is building: a daily double bottom in the 62 area with a 10% intermediate rebound and a 24.8% premium above the 200-week moving average complicate the picture. The quality band flags trading as not recommended. The confirmation week is still in progress.
IQS Phase
78
in tension
Signal Strength
40
shallow weekly drop
Sizing
REDUCED
Ranking
#19 / 131
US stocks sell signals
Trade P&L %
+5.10%
from signal to today
restricted Platinum content