Financial Iceberg

FINANCIAL ICEBERG

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TECHNICALS

US Technical Charts Potpourri
September 10 2017 ( From TradingView, CNN Money )

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The SP500 Index continue its range trade technical pattern;
The correction is still more in time than in prices for now...

Some Weekly Technical Charts and Short Comments on US financial products:
1) SPY ETF (SPDR S&P 500 ETF) Strong price compression within a Weekly
Rising Wedge Technical Pattern on lower trading Volume.
(See first chart below - Channel + Red trendlines)

2) VTI ETF (Vanguard Total Stock Market ETF) comprised of 3 606 US Stocks
(Total Market Index) Still Into a Weekly Rising Wedge Technical Pattern; as the
SPY ETF, strong price compression. (See second chart below - Yellow Trendlines).

3) QQQ ETF (NASDAQ - 100 Index) Still Into a tiny Uptrend Channel.
(See third chart below - Channel).

4) Apple Shares (AAPL) New High Ever. Broke 13 weeks ago the previous
Weekly Breakout Trendline. (See fourth chart below - Right - Yellow Trendline) Becomes
Major Resistance Trendline that Bears need to protect at all costs. Unable to
reach that Resistance last week since Breakdown.

5) DXY Index (US Dollar Index) broke 19 weeks ago the Support Trendline
(See fifth chart below - Grey Trendline) and broke 17 weeks ago the Weekly Falling Wedge Support (Red Trendlines). Still into a Weekly Downtrend Channel. Still Below the Previous Weekly Breakout Trendline (blue). Lowest level since January 2015.

6) TLT ETF (iShares 20+ Year Treasury Bond ETF) Still Into a large Weekly Rising Wedge. (See sixth chart below - Yellow Trendlines) Above the Old Weekly Resistance Trendline (grey).

7) VIX Index (SP500 Volatility-CBOE) Broke Violently 5 weeks ago a Weekly Falling Wedge that started since August 2015 but unable to stay above. Tested again last week. (See seventh chart below - Grey Trendlines).

8) Copper Futures (HG2-COMEX) broke 3 weeks ago a Weekly Resistance Trendline of a Weekly Rising Wedge. (See eight chart below-Yellow Trendlines) Into a Steep Weekly Rising Channel..

9) Light Crude Oil Futures (CL2-NYMEX) Still into a Weekly Uptrend Channel that started since June 2017. Testing the Support critical for Bulls. (See ninth chart below -Channel).

Uncertainties surrounding the US stock market is increasing technically speaking but the correction til now is still more in time than in prices.

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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