FINANCIAL ICEBERG
Always consider hidden risks
 TECHNICALS
US Technical Charts Potpourri
 June 17 2018 ( From TradingView, CNN Money )
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​Trade war is on. Expect more volatility going forward. Emerging markets
​turmoil start to bring some question for the US equity behavior.​
The market is all momentum stocks not value stocks.

​​
​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. Broke 5 weeks ago the Resistance of
​a Weekly Wedge critical for Bulls to stay over. 
(See first chart below - pink)​​ 

2) VTI ETF (Vanguard Total Stock Market ETF) comprised of 3 638 US Stocks
(Total Market Index) Broke the Resistance of a Weekly Falling ​Wedge Technical ​
​Pattern 5 weeks ago.​ That become the Major Support Trendline that Bulls
need to protect. ​ ​
(See second chart below - Pink Trendline). 

​​3) QQQ ETF (NASDAQ - 100 Index) Still Into a Weekly Megaphone Trading
Pattern. ​ 
(See third chart below - ​red trendlines)​​.  ​Into a Weekly Uptrend Channel.
Highest close ever on Low Trading Volume.​


4) Apple Shares (AAPL) Broke 21 weeks ago a Weekly Rising Wedge Technical ​
​Pattern Support Trendline. 
(See fourth chart below - Right - Red Trendlines) 
​Bulls need to stay above the Weekly ​Trendline of a Rising Wedge (pink).

​​​5) DXY Index (US Dollar Index) Broke 7 weeks ago the Major Resistance Trendline from a Weekly Falling Wedge. Now becomes support. Broke 2 weeks ago a Weekly Uptrend Channel.  (See fifth chart below - Red Trendline)​

6) TLT ETF (iShares 20+ Year Treasury Bond ETF) Broke 22 weeks ago a Weekly Rising Wedge Support Trendline. (See sixth chart below - Red Trendlines)​​ Back below 9 weeks ago the Major Weekly Rising Wedge Support (blue-from Feb 2011). Strong Price Compression within a Weekly Falling Wedge (pink trendlines). 
​​​
7) VIX Index (​SP500 Volatility-CBOE) Broke 19 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) Broke last week a weekly Downtrend Channel Resistance. (See eight chart below-Channel) Back below last week the old the Rising Wedge Resistance (yellow).

​​9) Light Crude Oil Futures (CL2-NYMEX) Broke 2 weeks ago weekly Uptrend Channel and testing the Trendline. ​(See ninth chart below -YellowTrendlines).​ 

The buy the dip mentality is still strong and will become costly to investors.​ Buyback and tech stocks pushing 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 

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TLT ETF (​ iShares Year Treasury Bond ETF  )
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​SP500 Index ( SPY ETF - Top Panel - Candles )
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​US Dollar Index ( DXY )

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Vanguard Total Stock Market​ ETF ( VTI ETF )

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​NASDAQ 100 Index ( QQQ ETF - Candles)

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​Apple Shares ( AAPL )
​Volume ( Bottom Panel - Blue Area )​​

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CBOE SP500 Index Volatility (​ VIX  )

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​Oil Futures ( CL2 )
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