Always consider hidden risks
US Technical Charts Potpourri
 June 12 2017 ( From TradingView, CNN Money )
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The US stock market main indices made a brand new high last week but
technical divergence indicators are increasing quickly; % of stocks above
​the 20 DMA, light volume, ...

​Some Weekly Technical Charts and Short Comments on US financial products:
​1) SPY ETF (SPDR S&P 500 ETF) New High Ever+ above the previous Weekly
​Break Out Trendline that was critical for Bulls. Into a New Weekly Uptrend
​Channel. Spinning Top Tech pattern. 
(See first chart below - Channel + ​Blue trendline)​​

2) VTI ETF (Vanguard Total Stock Market ETF) comprised of 3575 US Stocks
(Total Market Index) broke the previous Weekly breakout ​Trendline from
​April 2016; Bulls need stay above. ​ 
(See second chart below - Top Grey Trendline). 

​​3) QQQ ETF (NASDAQ - 100 Index) New High Ever again last week and rejected
​the Weekly Resistance of an Uptrend Channel.​ 
​(See third chart below - ​Channel)​​.
​Weekly Bearish Engulfing Pattern.

4) Apple Shares (AAPL) broke the previous Weekly Breakout Trendline.
​(See fourth ​chart ​below - Right - Red Trendline) Becomes Major Resistance Trendline that
​Bears need to protect at all costs.​ Broje the Support of a Weekly Uptrend Channel.

​​​5) DXY Index (US Dollar Index) broke six weeks ago the Support Trendline (See fifth chart below - Blue Trendline)​ and broke four weeks ago the Weekly Falling Wedge Support (Red Trendlines). Stillinto a Weekly Downtrend Channel.

6) TLT ETF (iShares 20+ Year Treasury Bond ETF)  still into a Weekly Rising Wedge.
​(See sixth chart below - Yellow Trendlines)​​  Strong Price Compression and near tested Weekly Resistance Trendline.
7) VIX Index (​SP500 Volatility-CBOE) strong weekly compression within a Falling Wedge that started since August 2015 (See seventh chart below - Grey). 
8) Copper Futures (HG2-COMEX) broke two weeks ago a Weekly Resistance Trendline of a Downtrend Channel. Now into a Weekly Uptrend Channel.​  (See eight chart below-Channel) 
9) Light Crude Oil Futures (CL2-NYMEX) unable to break yet the Old Weekly Rising Wedge Resistance Pattern two weeks ago. ​​(See ninth chart below - Grey Trendline).​ Still into a Weekly Downtrend Channel.

Strong weekly gain from Financials (from Finance Choice Act) was not ​​enough for a new closing high ever on SPY ETF as the correction in Technology stocks was quite acute (Weekly Bearish Engulfing Pattern).


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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 )​​