Global ETFs: Weekly Technical Analysis

Global ETFs are caught in a consolidation phase with an average IQS Lite of 49.3, reflecting a market that's neither decisively bullish nor bearish across 47 holdings. Capital flows remain encouraging, with 70.2% of names showing positive Chaikin money flow, though the technical picture grows murkier higher up the timeframe—only 48.9% sport bullish weekly MACD signals, and notably, zero positions display strong weekly EMAs, suggesting intermediate momentum has largely evaporated. The majority sit in ordinary risk territory, with just two names fully mature at strength levels above 75. Daily technicals tell a different story: weakness dominates here, as 17% trade below weak daily EMAs while only 8.5% show strong daily momentum, painting a portrait of intraday indecision despite the underlying accumulation signals. This basket appears poised between competing forces—money is trickling in, but the EMA structure across timeframes suggests conviction remains fragile, making the coming sessions critical to determine whether this inflow translates into sustained directional moves or dissipates into continued chop.