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 TECHNICALS
SPY ETF/Apple Shares:  A Tale of Two Worlds?
​August 15  2016 ( From TradingView, CNN Money  )
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The Situation

​​​The market participants never gave attention to that two ​Wedges
​technical pattern on a weekly basis on SP500 Index ​(SPY ETF)
​and Apple Shares​.


​​In the case​ SPY ETF, we are within a Steep Weekly Rising Wedge that 
started back since April 18 2016 week.​
​ 
​(See First Chart Below - 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)​

​​
In the case of Apple Shares, ​we are still within a Weekly Falling Wedge
​that​ started back since October 13 2014 and testing the Resistance.
Still no Breakout Mode yet for Apple ​Shares on a Weekly basis.

​​(See Second Chart Below - Thick Red Trendlines - Ellipse)​ 

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 May 9 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 are now challenging​ seriously the Resistance Trendline of that Downtrend Channel on that ratio that started back since July 20 2015 week!. (See Fourth Chart Below - Resistance Channel - Ellipse)

​​As the SPY ETF is already in Breakout Mode since the July 4 2016 week, Apple Shares are now at a technical crossroads as we are testing:
1)​ the Weekly Resistance Trendline price wise
2) the Weekly Resistance Trendline of a Downtrend Channel on a relative basis with the SPY ETF
3) the Weekly Resistance Trendline of a Downtrend Channel on a relative basis with the XLK ETF​​


The Ultimate battle for Bulls is now or never in the case of Apple Shares. As SPY ETF and Apple Shares could become one of a kind in the next weeks instead of being a Tale of Two Worlds...
​​​

"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

SPY ETF/Apple Shares: A Tale of Two Worlds? $SPY, $AAPL  #Trading #investing #aapl #SP500 #stocks
SP500 Index
​(SPY ETF - Weekly Candles)


Financialiceberg.Com
Weely Ratio
Apple Shares ( AAPL )
over
SP500 Index ( SPY ETF )​​
Financialiceberg.com
Apple Shares 
​(AAPL - Weekly Candles)

Financialiceberg.com
Weely Ratio
Apple Shares ( AAPL )
over
Technology Sector ( XLK ETF )​​
Financialiceberg.com