The IVV ETF is based on the S&P500 index in the US, the chart shows the market remains in a bullish higher low structure.
Investors continue to chase equity valuations higher as US GDP deteriorates.
The chart below is the BetaShares NASDAQ 100 ETF. Our Algo Engine triggered a buy signal in early 2016 when the ETF was trading at $10, it is now trading $13.50.
The IVV is an iShares ASX listed ETF that provides exposure to the S&P500 index of stocks.
Our Algo Engine has triggered multiple buy signals over the past 3 years and so far, no sell signals. However, with the index at 18x earnings and deteriorating global economic data, we feel now is an opportunity to lock-in gains and wait for the next Algo Engine buy signal.
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