S&P 100, confirmation week lower
OEF: confirmation week closes lower as sellers take full control of the last candle
Our view last week
OEF, the S&P 100 ETF tracking the 100 largest US companies, closes the confirmation week down 0.1%, after a bearish engulfing bar that stalls the daily advance. The price is still a hair below its all-time high, a level already rejected more than once: our technical analysis favors waiting for a pullback before chasing the breakout. Signal strength stays modest and weekly volume has thinned — a setup that calls for patience.
This week's summary
OEF, the ETF on the 100 largest US companies (S&P 100), closes the confirmation week down 1.2%: this week's technical analysis shows buyers losing ground in the last candle, with volume thinning further. Price is still a step from its all-time high, a level already rejected 3 times over the last 10 weeks: the discipline is to wait for a pullback before chasing the breakout.
IQS Phase
49
ordinary
Signal Strength
20
low · fading
Sizing
MINIMUM
Ranking
#159 / 167
US stocks in progress
Trade P&L %
-1.35%
from signal to date, no stop loss
Rank position
ranks 159th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 20 out of 100.
Sector context
SectorETF Broad
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
OEF belongs to the etf broad sector (reference ETF ).
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