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TECHNICALS

US Technical Charts Potpourri
December 3 2017 ( From TradingView, CNN Money )

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The SP500 Index is in an euphoria phase technical pattern as more details
emerge on the critical Trump Tax Approval needed to keep the Bull trend...

Some Weekly Technical Charts and Short Comments on US financial products:
1) SPY ETF (SPDR S&P 500 ETF) New High Ever. Broke 9 weeks ago a Weekly
Resistance of a Rising Wedge Technical Pattern. Still Into a Weekly Uptrend
Channel at the Resistance Zone. (See first chart below - Channel + Red trendlines)

2) VTI ETF (Vanguard Total Stock Market ETF) comprised of 3 607 US Stocks
(Total Market Index) Broke the Resistance of a Weekly Rising Wedge Technical
Pattern 9 weeks ago. Still into the Weekly Uptrend Megaphone.
(See second chart below - Red Trendlines).

3) QQQ ETF (NASDAQ - 100 Index) New High Ever Rejected. Still Into a Weekly
main Uptrend Channel Trendline.(See third chart below - Channel).

4) Apple Shares (AAPL) Surprisingly Back below the previous Weekly Breakout
Trendline. (See fourth chart below - Right - GreenTrendline) Bulls failed to protect that
Weekly Support Trendline.

5) DXY Index (US Dollar Index) broke 3 weeks ago a Weekly Uptrend Channel. Still Above the Previous Weekly Breakout Trendline. (See fifth chart below - Blue Trendline)

6) TLT ETF (iShares 20+ Year Treasury Bond ETF) Broke 10 weeks ago a large Weekly Rising Wedge Support Trendline. (See sixth chart below - Yellow Trendlines) Still Into a Weekly Uptrend Channel.

7) VIX Index (SP500 Volatility-CBOE) Strong Price Compression within a Weekly Falling Wedge Technical Pattern. Tested the Resistance and the Support. (See seventh chart below - Grey Trendlines).

8) Copper Futures (HG2-COMEX) Broke 7 weeks ago a Major Weekly Downtrend Resistance from February 2011 that Bulls need to protect at all costs. (See eight chart below-Red Trendline)

9) Light Crude Oil Futures (CL2-NYMEX) Broke 18 weeks ago a Weekly Uptrend Channel Resistance that started since August 2017. Near Weekly Resistance . (See ninth chart below -Yellow Trendlines).

The US stock market is into an euphoria phase like if no doubt exist on the time delivery and package of the Trump Tax Cuts. Retail is still chasing Momentum and High Beta stocks in favor of Value stocks, a situation that is becoming extremely speculative.

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"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

The Trump Experiment - Financial Markets $SPY #sp500 #usdollar #bonds #gold #stocks #investing #trading #spy #dxy #aapl #copper #vix

Weekly Chart ( Candles )
TLT ETF ( iShares Year Treasury Bond ETF )
Volume ( Bottom Blue Area )

Financialiceberg.Com

Weekly Chart
SP500 Index ( SPY ETF - Top Panel - Candles )
SPY ETF Volume ( Bottom Panel - Blue Area )

Weekly Chart ( Candles )
Copper Futures ( HG2 )
Volume ( Bottom Blue Area )

Financialiceberg.Com