S&P 500 · buy signal, week 25
SPY ETF: 8 of 11 sectors fall, daily averages hold just below the record
Our view last week
SPY, the S&P 500 ETF, is clawing back ground: a week ago it sat 2.27% below its record, now 1.03%, after a climb to the 775 area, right where the run of lower daily highs began. Technology (+3.52%) and communication services (+1.94%) supplied the lift, while 7 of 11 sectors fell. In the technical analysis of this buy trade setup, at +13.52% performance, two brakes remain: weekly price action still leaning bearish and the model's signals nearly spent, with Signal Strength at 7 out of 100.
This week's summary
SPY, the S&P 500 ETF, gives back a little ground: a week ago it sat 1.03% below its record, now 1.24%, after a dip that stalled right by the 20-day and 50-day averages. Technology is still rising (+1.80%), while 8 of 11 sectors fell, healthcare and financials by more than 2%. In the technical analysis of this buy trade setup, at +13.27% performance, weekly price action still leans bearish and the model's signals are nearly spent, with Signal Strength at 7 out of 100.
IQS Phase
30
compressed / accumulation
Signal Strength
7
low · fading
ATH distance
1.26%
1.26%
KPI 4
0/3
Trade P&L %
+13.27%
from signal to date, no stop loss
S&P 500 (SPY) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
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