We notice there is a clear smart money campaign happened from accumulation (stage 1) followed by mark-up (stage 2) based on iShares MSCI EAFE Small Cap ETF weekly chart. With the evidence of Sign of Strength as iVSA chart above, smart money took 5 months, from Feb 2017 to July 2017, to accumulate.iShares MSCI EAFE Small Cap ETF broke through the resistance level in July 2017 with volume. Smart money continues to mark-up the price for more than 1.25% in few weeks after the breakout. The actions by smart money have been spotted by the Green Arrow during the mark-up stage.
iShares MSCI EAFE Small Cap ETF reached maximum high and we can see great profit taking have take place with the Red Sell Diamond in July 2017. Price continues to go up and the smart money continues to participate on the uptrend.
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