US small caps · buy signal, week 19
IWM (Russell 2000): the MACD hands back last week's crossover
Our view last week
The IWM, the Russell 2000 ETF, has stopped knocking at the record: it touched it. Weekly technical analysis of US small caps logs the step that was missing seven days ago — the MACD histogram clears zero and the crossover turns bullish — while on the daily buying accounts for 96% of turnover and a bullish engulfing bar closes the week. The gain since the buy signal rises to 16.76%. Above the all-time high there is nothing left.
This week's summary
The IWM, the Russell 2000 ETF, hands back in seven days the step it won last week: the MACD histogram slips below zero, the crossover turns bearish and price leaves the record, now 1.71% lower. Weekly technical analysis of US small caps still reads constructive — moving averages aligned, a 14.80% gain since the buy signal — on a basket no sector dominates: healthcare, the heaviest, stops below 18%.
IQS Phase
51
ordinary
Signal Strength
17
low · fading
ATH distance
1.74%
1.74%
KPI 4
0/3
Trade P&L %
+14.80%
from signal to date, no stop loss
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