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SPY ETF/Apple Shares: Dephasing Time?
September 6 2016 ( From TradingView, CNN Money )
September 6 2016 ( From TradingView, CNN Money )
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The Situation
The market participants never gave attention to that two tiny Wedges
technical pattern on a weekly basis on SP500 Index (SPY ETF) and
Apple Shares (AAPL).
In the case SPY ETF, we broke on August 15 week a Steep Weekly
Rising Wedge that started back since April 18 2016 week.
(See First Chart Below - Top Panel - Thick Blue TrendLines)
The SPY ETF is making on a weekly basis higher lows and higher
highs and in Breakout Mode since July 4 2016 week. (See First Chart Below)
The On-Balance Volume Technical Indicator (OBV) on SPY ETF is
showing tremendous strength since June 27 week but starting to
plateau lately. (See First Chart Below - Bottom Panel)
In the case of Apple Shares, we are still within a Weekly Rising Wedge
that started back since May 23 2015.
(See Second Chart Below - Top Panel Thick Blue Trendlines - Ellipse)
The On-Balance Volume Technical Indicator (OBV) on Apple Shares
is showing a turnaround since bottoming out in June 20 2016 week and much stronger than the SPY ETF...
(See Second Chart Below - Bottom Panel - Yellow Trendline)
And few of us realize that in fact, Apple Shares are outperforming tremendously the SPY ETF on a relative basis (ratio of AAPL vs SPY ETF - Weekly Chart) since July 25 2016 week but still into a weekly downtrend channel that started back since July 20 2015! (See Third Chart Below - Downtrend Channel) We are now testing the Resistance Trendline of that Downtrend Channel. (See Third Chart Below - Resistance Channel - Ellipse)
And also we can observe that Apple Shares are outperforming tremendously the Technology Sector on a relative basis (ratio of AAPL vs XLK ETF - Weekly Chart) since July 25 2016 week but still into a weekly Megaphone channel that started back since May 9 2016. (See Fourth Chart Below - Thin Red Lines)
We broke on August 8 week the Major Resistance Trendline of that Downtrend Channel on that ratio that started back since July 20 2015 week!. (See Fourth Chart Below - Resistance Channel - Ellipse)
In Summary: As the SPY ETF is already in Consolidation Mode since August 15 2016 week, Apple Shares are now at a technical crossroads as we are:
1) Still within a Weekly Rising Wedge (See Second Chart - Blue Trendlines)
2) Still fighting to break the Major Weekly Resistance Trendline price wise that started back since April 2015
(See Second Chart Below - Red Trendline - Ellipse)
3) Testing the Weekly Resistance Trendline of a Downtrend Channel on a relative basis with the SPY ETF
(See Third Chart Below - Downtrend Channel - Ellipse)
4) Broke the Weekly Resistance Trendline of a Downtrend Channel on a relative basis with the XLK ETF
(See Fourth Chart Below - Downtrend Channel - Ellipse)
5) Seasonals over the past 10 years have been Bullish on Apple Shares from September 2 to peak on September 21 on average. On a relative basis with the SPY ETF, Apple Shares started to outperform on September 14 to peak on average over the pst 10 years on September 26.
The Ultimate battle for Bulls is now or never in the case of Apple Share as we are within a Dephasing Technical Pattern as shown by the OBV Indicator and seasonals. As Samsung is recalling its last phone,
it does mean we may have a window in September to finally see Apple Shares Shining again!
The market participants never gave attention to that two tiny Wedges
technical pattern on a weekly basis on SP500 Index (SPY ETF) and
Apple Shares (AAPL).
In the case SPY ETF, we broke on August 15 week a Steep Weekly
Rising Wedge that started back since April 18 2016 week.
(See First Chart Below - Top Panel - Thick Blue TrendLines)
The SPY ETF is making on a weekly basis higher lows and higher
highs and in Breakout Mode since July 4 2016 week. (See First Chart Below)
The On-Balance Volume Technical Indicator (OBV) on SPY ETF is
showing tremendous strength since June 27 week but starting to
plateau lately. (See First Chart Below - Bottom Panel)
In the case of Apple Shares, we are still within a Weekly Rising Wedge
that started back since May 23 2015.
(See Second Chart Below - Top Panel Thick Blue Trendlines - Ellipse)
The On-Balance Volume Technical Indicator (OBV) on Apple Shares
is showing a turnaround since bottoming out in June 20 2016 week and much stronger than the SPY ETF...
(See Second Chart Below - Bottom Panel - Yellow Trendline)
And few of us realize that in fact, Apple Shares are outperforming tremendously the SPY ETF on a relative basis (ratio of AAPL vs SPY ETF - Weekly Chart) since July 25 2016 week but still into a weekly downtrend channel that started back since July 20 2015! (See Third Chart Below - Downtrend Channel) We are now testing the Resistance Trendline of that Downtrend Channel. (See Third Chart Below - Resistance Channel - Ellipse)
And also we can observe that Apple Shares are outperforming tremendously the Technology Sector on a relative basis (ratio of AAPL vs XLK ETF - Weekly Chart) since July 25 2016 week but still into a weekly Megaphone channel that started back since May 9 2016. (See Fourth Chart Below - Thin Red Lines)
We broke on August 8 week the Major Resistance Trendline of that Downtrend Channel on that ratio that started back since July 20 2015 week!. (See Fourth Chart Below - Resistance Channel - Ellipse)
In Summary: As the SPY ETF is already in Consolidation Mode since August 15 2016 week, Apple Shares are now at a technical crossroads as we are:
1) Still within a Weekly Rising Wedge (See Second Chart - Blue Trendlines)
2) Still fighting to break the Major Weekly Resistance Trendline price wise that started back since April 2015
(See Second Chart Below - Red Trendline - Ellipse)
3) Testing the Weekly Resistance Trendline of a Downtrend Channel on a relative basis with the SPY ETF
(See Third Chart Below - Downtrend Channel - Ellipse)
4) Broke the Weekly Resistance Trendline of a Downtrend Channel on a relative basis with the XLK ETF
(See Fourth Chart Below - Downtrend Channel - Ellipse)
5) Seasonals over the past 10 years have been Bullish on Apple Shares from September 2 to peak on September 21 on average. On a relative basis with the SPY ETF, Apple Shares started to outperform on September 14 to peak on average over the pst 10 years on September 26.
The Ultimate battle for Bulls is now or never in the case of Apple Share as we are within a Dephasing Technical Pattern as shown by the OBV Indicator and seasonals. As Samsung is recalling its last phone,
it does mean we may have a window in September to finally see Apple Shares Shining again!
"To fight and conquer in all your battles is
not supreme excellence; supreme excellence consists in breaking the enemy's
resistance without fighting."
-Sun Tzu, the Art of War
-Sun Tzu, the Art of War
SPY ETF/Apple Shares: Dephasing Time? $SPY, $AAPL #Trading #investing #aapl #SP500
#stocks
SP500 Index (Top Panel - SPY ETF - Weekly Candles)
OBV ( Bottom Panel - Blue Line)
OBV ( Bottom Panel - Blue Line)
Financialiceberg.Com
Weekly Ratio
Apple Shares ( AAPL )
over
SP500 Index ( SPY ETF )
Apple Shares ( AAPL )
over
SP500 Index ( SPY ETF )
Financialiceberg.com
Apple Shares (Top Panel - AAPL - Weekly Candles)
OBV ( Bottom Panel - Blue Line)
OBV ( Bottom Panel - Blue Line)
Financialiceberg.com
Weekly Ratio
Apple Shares ( AAPL )
over
Technology Sector ( XLK ETF )
Apple Shares ( AAPL )
over
Technology Sector ( XLK ETF )
Financialiceberg.com
