Developed World ex-US ETF · week 13 in management
SPDW gains 0.4%: buyers regain control, but the MACD turns negative
Developed World ex-US ETF · week 13 in management
Our view last week
SPDW is in week 12 of a long trade that has already completed the model's coverage: all 3 statistical targets have been hit, and the residual capital keeps running at +3.9% since entry. On the technical side, the week just closed shows a marked slowdown in momentum, with volumes back in balance after weeks of strong buyer dominance. Price is currently sitting between the nearest resistance and the nearest support on the daily chart.
This week's summary
Weekly technical analysis. Buyers took back control on SPDW this week, with buy volume jumping to 68% after a week of near-balance. The catch sits in the MACD histogram, just turned negative, while the ADX keeps fading: the trend is losing conviction. Price stays boxed between support in the 50.3 area and resistance in the 50.4 area, with the trade still running at +4.4% since entry.
IQS Phase
55
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#74 / 129
US stocks in progress
Trade P&L %
+4.36%
from signal to today
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