Buyers return, momentum cools
SPYM gains 1.3% as buyers return, but momentum keeps fading
Buyers return, momentum cools
Our view last week
SPYM is in week 12 of a buy signal and has already reached all 3 targets of our most advanced model, up 9.64% since opening. Coverage is complete: the stop now tracks the Inversion Point, in the 86 area. Price action closed the week positive, but momentum keeps losing speed compared with the previous weeks.
This week's summary
Weekly technical analysis. Buyers came back in force on SPYM this week: 97% of trading volume on the buy side, the strongest reading of the past four weeks, pushed the fund up 1.3% after the rough session two weeks ago (-2.4%, sellers at 93%). Momentum, already cooling last week, keeps fading, and the ADX drops for the fourth straight week: the trend holds but loses conviction. The residual capital of the trade, with the model's coverage already complete, runs at +11.12%.
IQS Phase
70
in tension
Signal Strength
29
low · fading
Sizing
MINIMUM
Ranking
#114 / 129
US stocks in progress
Trade P&L %
+11.12%
from signal to today
restricted Platinum content