SPDW stalls near 49, sell signal loses steam
SPDW closes flat (+0.0%): the double bottom near 49 pins down the sell signal
SPDW stalls near 49, sell signal loses steam
Our view last week
On SPDW, the ETF tracking developed markets outside the US, a fresh sell signal opens this week as price gave back 1.8%, staying boxed between support in the 49.3 area and resistance in the 50.1 area — right where a double bottom in late June sparked a 7% rebound. The cracks were already showing last week, MACD turning negative and ADX fading: now they've turned into a decline starting to make lower lows, though signal strength stays low, 31 out of 100.
This week's summary
SPDW, the ETF tracking developed markets outside the US, closes the week flat (+0.0%) after a double bottom in the 49 area produced a 3% rebound: price stays boxed between support in the 49.2 area and resistance in the 49.5 area. SPDW's technical analysis shows last week's sell signal losing steam, strength down to 10 out of 100, with the confirmation week still open.
IQS Phase
63
ordinary
Signal Strength
10
decline losing steam
Sizing
MINIMUM
Ranking
#118 / 141
US stocks sell signals
Trade P&L %
-0.02%
from signal to today
Rank position
ranks 118th among the 141 sell signals for US stocks in our ranking, with a signal strength of 10 out of 100.
Sector context
SectorETF Broad
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
SPDW belongs to the etf broad sector (reference ETF ).
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