VWO retests its double bottom
VWO ETF slips 0.1% and returns to retest its double bottom near 58
VWO retests its double bottom
Our view last week
VWO's rebound lasted exactly one week: after last week's 7% bounce, sellers took back control this week, with 76% of volume on the sell side, and price gave back 3.4%, sliding back toward the double bottom in the 57 area. In our VWO technical analysis the picture stays fragile: RSI, MACD and momentum are all turning down. Whether that low holds, as flagged last week, is still the thing to watch.
This week's summary
In our VWO technical analysis, the Vanguard emerging-markets ETF, sellers are back in charge: 94% of this week's volume sits on the sell side, and the ETF slides back toward the double bottom in the 58 area, right where the Inversion Point sits. The trend is losing steam - ADX falling, momentum negative - while money flow thins out. The buy signal, open for 14 weeks, is showing its first cracks.
IQS Phase
44
ordinary
Signal Strength
41
medium · weak
Sizing
REDUCED
Ranking
#82 / 124
US stocks in progress
Trade P&L %
-2.33%
from signal to today
Rank position
ranks 82nd among the 124 Longs already running for US stocks in our ranking, with a signal strength of 41 out of 100.
Sector context
SectorETF Broad
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
VWO belongs to the etf broad sector (reference ETF ).
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