FINANCIAL ICEBERG
Always consider hidden risks
 TECHNICALS
US Technical Charts Potpourri
 August 06 2017 ( From TradingView, CNN Money )
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​The SP500 Index behavior of the past 6 weeks is in fact hiding a quite
interesting pattern; weak ​Consumer Staples and High Beta Stocks and a ​
​strong Financial sector and Low Beta Stocks. ​

​​
​Some Weekly Technical Charts and Short Comments on US financial products:
​1) SPY ETF (SPDR S&P 500 ETF) Testing the Resistance of a Weekly Rising
​Wedge Technical Pattern.. ​
(See first chart below Channel + ​Red trendlines)​​

2) VTI ETF (Vanguard Total Stock Market ETF) comprised of 3591 US Stocks
(Total Market Index) is near testing the previous Weekly breakout ​Trendline
​from April 2016. 
(See second chart below - Top Grey Trendline). Into Rising Wedge.

​​3) QQQ ETF (NASDAQ - 100 Index) Still Into a Weekly Uptrend Channel that
​started in December 2016. ​ ​
​(See third chart below - ​Channel)​​.  ​

4) Apple Shares (AAPL) broke 9 weeks ago the previous Weekly Breakout
​Trendline.
​(See fourth chart below - Right - Red Trendline) Becomes Major
​Resistance Trendline that Bears need to protect at all costs.​ First retest of
of that Resistance since Breakdown.​ Into a Weekly Megaphone. (
Grey Trendlines)

​​​5) DXY Index (US Dollar Index) broke 14 weeks ago the Support Trendline (See fifth chart below - Blue Trendline)​ and broke 12 weeks ago the Weekly Falling Wedge Support (Red Trendlines). Still into a Weekly Downtrend Channel. At Previous Breakout Trendline (blue) and a Weekly Hammer Technical Pattern.

6) TLT ETF (iShares 20+ Year Treasury Bond ETF) Broke the Weekly Rising Channel Support Trendline 5 weeks ago. (See sixth chart below - Channel - Yellow)​​  Rejected again the 52 WMA (Weekly Moving Avg-green line).
​​​
7) VIX Index (​SP500 Volatility-CBOE) strong weekly compression within a Falling Wedge that started since August 2015. (See seventh chart below - Grey Trendlines). 
​​​​
8) Copper Futures (HG2-COMEX) broke 10 weeks ago a Weekly Resistance Trendline of a Downtrend Channel. Now into a Weekly Rising Wedge.​  (See eight chart below-Yellow Trendlines) Highest Level since May 2015.

​​9) Light Crude Oil Futures (CL2-NYMEX) Testing a Weekly Uptrend Channel Resistance that started since June 2017. ​​​(See ninth chart below -Channel).​ 

Still Major Sectors rotation keeping near the highs on the SP500 Index (SPY ETF). Within bear seasonalities time frame.


​​




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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 )​​