Always consider hidden risks
US Technical Charts Potpourri
 February 11 2018 ( From TradingView, CNN Money )
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The SP500 Index was into a melt up phase technical pattern that end abruptly
2 weeks ago. On February 1, the release of the average weekly earnings data
at +2.9% YOY (highest since 2009) bring an inflation fear. That was the main
​trigger​ for bonds and stocks to start a correction phase. 

​Some Weekly Technical Charts and Short Comments on US financial products:
​1) SPY ETF (SPDR S&P 500 ETF) Broke 6 weeks ago ​the Major Weekly
​Resistance from a Rising Channel.  ​
(See first chart below - yellow trendline)​​ 
B​ulls failed to protect the Support Trendline (blue). Back into the old rising
channel (yellow).​ Huge trading Volume last week.

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 19 weeks ago.​ Back testing the previous weekly breakout trendline.
(See second chart below - Yellow Trendlines). .

​​3) QQQ ETF (NASDAQ - 100 Index) Broke last week a ​tiny Weekly Support
(See third chart below - ​red trendline)​​.  ​Tested a Main Weekly Support
​Trendline (blue) critical for Bulls.

4) Apple Shares (AAPL) Broke 3 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 3 weeks ago the Major Support Trendline from a Weekly Falling Wedge, but got back above last week.  (See fifth chart below - Red Trendline)​  

6) TLT ETF (iShares 20+ Year Treasury Bond ETF) Broke 4 weeks ago a  Weekly Rising Wedge Support Trendline.(See sixth chart below - Red Trendlines)​​ Broke a Major Weekly Rising Wedge Support (blue-from Feb 2011).
7) VIX Index (​SP500 Volatility-CBOE) Broke 2 weeks ago a Weekly Falling Wedge Technical Pattern.  (See seventh chart below - Grey Trendlines). 
8) Copper Futures (HG2-COMEX) Tested and Rejected 6 weeks ago a Weekly Uptrend Resistance Trendline.   
(See eight chart below-Channel) Back within an old weekly rising wedge ((yellow).

​​9) Light Crude Oil Futures (CL2-NYMEX) Broke 7 weeks ago the Resistance of a Major Weekly Rising Wedge that Bulls failed to protect. Back below the previous weekly breakout trendline that started since Oct 2015.  (See ninth chart below -Red Trendlines).​ 

The US stock market entered its second correction week after a melt up phase in January 2018. The weekly VIX chart confirmed 2 weeks ago 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 )​

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 )​​

 ​​Weekly Chart ( Candles )
​US Dollar Index ( DXY )

Weekly Chart 
Vanguard Total Stock Market​ ETF ( VTI ETF )

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 )​​