FINANCIAL ICEBERG
Always consider hidden risks
TECHNICALS
US Technical Charts Potpourri
April 15 2018 ( From TradingView, CNN Money )
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The SP500 Index into a dead cat bounce phase as the trade war perceived
risk recede last week. Expect tremoudous financial assets volatility.
US Political Risk Index at a 15 year high.
Some Weekly Technical Charts and Short Comments on US financial products:
1) SPY ETF (SPDR S&P 500 ETF) Still Into a Weekly Downtrend Channel and
into a strong Price Compression Phase. (See first chart below - yellow) 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 28 weeks ago. That become the Major Support Trendline tested again
last week. (See second chart below - Top Yellow Trendline). 3) QQQ ETF (NASDAQ - 100 Index) Still Into a Weekly Megaphone Trading
Pattern. (See third chart below - red trendlines). New High rejected 5 weeks ago
with a Weekly Shooting Star. Broke last week a Weekly Downtrend Channel.
4) Apple Shares (AAPL) Broke 12 weeks ago a Weekly Rising Wedge Technical
Pattern Support Trendline. (See fourth chart below - Right - Red Trendlines) Weekly Shooting Star 5 weeks ago (ellipse). Into a Weekly Rising Wedge.
5) DXY Index (US Dollar Index) Strong Skirmish at the Major Support Trendline from a Weekly Falling Wedge, and got back above 8 weeks ago. (See fifth chart below - Red Trendline) Still into a Weekly Downtrend Channel.6) TLT ETF (iShares 20+ Year Treasury Bond ETF) Broke 13 weeks ago a Weekly Rising Wedge Support Trendline. (See sixth chart below - Red Trendlines) Back above 3 weeks ago the Major Weekly Rising Wedge Support (blue-from Feb 2011). Bulls need to protect that trendline (now support). Into a Weekly Uptrend Channel.7) VIX Index (SP500 Volatility-CBOE) Broke 11 weeks ago a Weekly Falling Wedge Technical Pattern. Started the new Volatility Phase. (See seventh chart below - Grey Trendlines). That trendline become weekly support.
8) Copper Futures (HG2-COMEX) Into a weekly Uptrend Channel. (See eight chart below-Channel) Broke the previous Rising Wedge Support (yellow) 4 weeks ago.
9) Light Crude Oil Futures (CL2-NYMEX) Still into a weekly Uptrend Channel and tested last week the Support Trendline. (See ninth chart below -YellowTrendlines).
The weekly VIX chart confirmed 11 weeks ago that we are getting into a more volatile trading environment.
The buy the dip mentality is still strong and will become costly to investors. Buyback stocks still holding that market for now.
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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 )
