FINANCIAL ICEBERG
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 TECHNICALS
US Technical Charts Potpourri
 February 4 2018 ( From TradingView, CNN Money )
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The SP500 Index was into a melt up phase technical pattern that end abruptly
last week.​ In January 2018, investors poured billions into the market and
​sentiment reached critical frothy greed zone. ​ The Stock Market Indices in a
​Major ​Divergence​ with the US Dollar Index (DXY)​.

​​
​Some Weekly Technical Charts and Short Comments on US financial products:
​1) SPY ETF (SPDR S&P 500 ETF) Broke 5 weeks ago ​the Major Weekly
​Resistance from a Rising Channel.  ​
(See first chart below - yellow trendline)​​ 
B​ulls must protect the Support Trendline (blue).

2) VTI ETF (Vanguard Total Stock Market ETF) comprised of 3 638 US Stocks
(Total Market Index) Broke the Resistance of a Weekly Rising ​Wedge Technical ​
​Pattern 18 weeks ago.​ False Breakout last week of a Weekly Uptrend ​
​Megaphone​​.  
(See second chart below - Red Trendlines). .

​​3) QQQ ETF (NASDAQ - 100 Index) Back last week into a ​Weekly main ​​Uptrend
​Channel.
​​ (See third chart below - ​Channel)​​.  ​Next Weekly Support is the red trendline.

4) Apple Shares (AAPL) Broke 2 weeks ago a Weekly Rising Wedge Technical
​Pattern Support Trendline (red)​. Broke last week the bigger Weekly
​Megaphone Support Trendline. ​
(See fourth chart below - Right - Grey Trendlines) 

​​​5) DXY Index (US Dollar Index) Broke 2 weeks ago the Major Support Trendline from a Weekly Falling Wedge, usually a sign of bearishness. (See fifth chart below - Red Trendline)​  

6) TLT ETF (iShares 20+ Year Treasury Bond ETF) Broke 3 weeks ago a  Weekly Rising Wedge Support Trendline. (See sixth chart below - Red Trendlines)​​ Testing a Major Weekly Rising WedgeSupport (blue).
​​​
7) VIX Index (​SP500 Volatility-CBOE) Broke last week a Weekly Falling Wedge Technical Pattern.  (See seventh chart below - Grey Trendlines). 
​​​​
8) Copper Futures (HG2-COMEX) Tested and Rejected 5 weeks ago a Weekly Uptrend Resistance Trendline.   
(See eight chart below-Channel)

​​9) Light Crude Oil Futures (CL2-NYMEX) Broke 6 weeks ago the Resistance of a Major Weekly Rising Wedge so critical for Bulls to stay over (becomes Support-red). Broke 4 weeks ago the Resistance of a Weekly Uptrend Channel that started since July 2017 that Bulls need to protect.. ​​ ​​​(See ninth chart below -Yellow Trendlines).​ 


The US stock market entered its first correction week after a melt up phase in January 2018. The weekly VIX chart confirmed that we are getting into a more volatile trading environment.


​​




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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
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
Financialiceberg.Com
Financialiceberg.Com
 ​​Weekly Chart ( Candles )
​US Dollar Index ( DXY )

Financialiceberg.Com
Weekly Chart 
Vanguard Total Stock Market​ ETF ( VTI ETF )

Financialiceberg.Com
Weekly Chart
​NASDAQ 100 Index ( QQQ ETF - Candles)

Weekly Chart
​Apple Shares ( AAPL )
​Volume ( Bottom Panel - Blue Area )​​

Weekly Chart ( Candles )
CBOE SP500 Index Volatility (​ VIX  )

 ​Weekly Chart ( Candles )
​Oil Futures ( CL2 )
​Volume ( Bottom Blue Area )​​