Publishing the MTUM chart to track. This has been the true tell of the market over the last few years. I like to keep an eye if both the SPX and MTUM go red together to confirm the strength of any move to the downside.
Dangerous Break At Key Area For MOMO Stocks. Flashing Danger! If you want to buy the DIP! You must first sell the RIP! Otherwise, you can't buy anything.
Good morning traders, today I have a chart and technical analysis of our favorite ETF, $MTUM! I would like to preface this by stating all green lines represent supports as well as al red lines represent resistances MTUM has had quite the significant first half of 2021, and I believe due to the following that we are in for more. Recently, at the beginning...
This price move may be construed as a buy signal, as it indicates the trend is shifting higher.
MTUM is the ETF ticker which tracks momentum. The pink lines show a megaphone pattern, which is bearish when tilted up. education.howthemarketworks.com The inner white trendlines of the megaphone show price hitting the angled resistance. The angled resistance crosses the current white price trendline on 12/13. Going back in history with MTUM, inside the megaphone...
If MTUM is a momentum based indicator ETF, and is related to SPY, then the following patterns would confirm SP500 bearish correction is coming. MTUM is the iShares ETF "Exposure to large- and mid-cap U.S. stocks exhibiting relatively higher price momentum" www.ishares.com In the pattern we see THERE IS NO MOMENTUM MTUM pattern has megaphone top. Tilted up...
Looks like MTUM is out of momentum. This contributes and confirms that SPY should be pulling back. MTUM and SPY are correlated. Daily view shows megaphone top. (or Broadening Top thepatternsite.com) Megaphone Top can breakout either direction. Given the tilt of this megaphone, I feel the price is falling backwards against momentum. Since the slope is too steep,...
A drop below 115 and timber!!!
It seems like increasingly MTUM stocks are underperforming VLUE stocks. Furthermore, this underperformance correlates increasingly negatively to SPY performance. I don't really know what this means.
MTUM broke above support at 74.50 and so far has been staying above it. This should continue to rise unless the entire market crashes.
MTUM weekly is one that I will be watching this week. Momentum names have been well bid so see if this breakout holds. Could give us some idea about the direction of the market overall.
Momentum testing resistance here Very interesting what happens here this week. Indicators showing sideways. Possible consolidation under resistance.
Though this ETF has commenced trading since May 2013, i only came across it today A standard chart that is used to help confirm the overall market trend is the Momentum Factor ETF (MTUM) chart. Momentum Factor ETF is an investment that seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks exhibiting relatively...