SPY ETF: technology reignites the S&P 500 right at the record
Weekly technical analysis of SPY, the S&P 500 ETF: technology reignites the basket with a 7.20% jump in five sessions, the MACD histogram climbs back above zero, and the gain since the signal reaches 13.81%, less than half a point off the record.
QQQ (Nasdaq 100): a tech rebound leaves the sell signal without confirmation
Weekly technical analysis of QQQ, the Nasdaq 100 ETF: technology gained 7.20% in a week, price action turned back up, and the sell signal enters its final observation week unconfirmed, with the index less than 4% from its record high.
MIB ETF (FTSE MIB): back on the record high, with RSI stretched
Weekly technical analysis of the MIB, the FTSE MIB ETF: price presses on the all-time high again after last week's rejection, and performance since the buy signal climbs to 15.84%. Weekly RSI moves into stretched ground while Signal Strength sits at zero.
IWM (Russell 2000): the all-time high within reach, a mature uptrend
Weekly technical analysis of the IWM, the Russell 2000 ETF: US small caps are back within half a percent of their all-time high, with performance since the buy signal at 15.41%. The MACD histogram is climbing off its low and daily buying nears 80% of turnover.
ISF, the FTSE 100 ETF: a fifth higher low with the record 8% away
Weekly technical analysis of ISF, the FTSE 100 ETF: a fifth higher low on the daily walks price back toward the recent high, with the weekly MACD above zero again and ADX past 37. The record still sits 7.93% higher, and buying is under a third of turnover.
DAX 40 ETF: all-time high retested while the signal sits at its floor
Weekly technical analysis of the DAX, the German DAX 40 ETF: all-time high retested after three rejections, +6.26% performance since entry, five higher lows on the daily. Signal Strength at 8 and a quality band warning off new entries: risk management first.
CAC 40 ETF: back on the record high as buying volume rebuilds
Weekly technical analysis of the CAC, the CAC 40 ETF: price is back within a whisker of its all-time high and buying volume rebuilds after last week's thinning, yet our quality band still advises against fresh entries. Trade setup and price action in full.