FINANCIAL ICEBERG
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 TECHNICALS
SPY ETF/Apple Shares:  Still in Dephasing Time?
​September 15  2016 ( From TradingView )
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​​​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 Support that started back since April 18 2016 week.​
​ 
​(See First Chart Below - Top Panel - Thick Blue TrendLines)​

Since then, the SPY ETF is making on a weekly basis lower highs and
​lower lows and higher. 
(See First Chart Below)​ The On-Balance Volume
​Technical Indicator (
OBV) on SPY ETF is showing some weakness
​since the end of August.​ 
(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)

Looking at this Weekly Chart, we are in the process of Breaking the Last Resistance Trendline; a potential Weekly Breakout finally for Apple Shares...

​​​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 and 
finally Broke a weekly downtrend channel that started back since July 20 2015! (See Third Chart Below - Downtrend Channel) 

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 and also 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 Correction 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)​ Near breaking the Major Weekly Resistance Trendline price wise that started back since April 2015
​(See Second Chart Below - Red Trendline - Ellipse)
3) Broke 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 few of us realize, we are testing the 24 MMA (Monthly Moving Average) on Apple Shares. (See Fifth Chart Below - Green Line - Ellipse) and the 50% Fibonacci Retracement at $112.00 ish...
​​​

"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: Still in Dephasing Time? $SPY, $AAPL  #Trading #investing #aapl #SP500 #stocks
SP500 Index  ​(Top Panel - SPY ETF - Weekly Candles)
OBV ( Bottom Panel - Blue Line)​


Financialiceberg.Com
Weekly Ratio
Apple Shares ( AAPL )
over
SP500 Index ( SPY ETF )​​
Financialiceberg.com
Apple Shares ​(Top Panel - AAPL - Weekly Candles)
​OBV ( Bottom Panel - Blue Line)​
Financialiceberg.com
Weekly Ratio
Apple Shares ( AAPL )
over
Technology Sector ( XLK ETF )​​
Financialiceberg.com
Apple Shares 
​​(AAPL - Monthly Candles)
Financialiceberg.com