FINANCIAL ICEBERG
Always consider hidden risks
 TECHNICALS
US Technical Charts Potpourri
 October 17 2016 ( From TradingView, CNN Money )
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Last week, US Financial Markets were under pressure as Geo-Political risk
increased and the US Dollar Index (DXY) rose mainly on a more Hawkish
FED Officials and US rates differential:​​
​Yield Divide Emerges as Key Driver of Dollar Strength Versus Yen

​​Some Technical Charts and Short Comments on US financial products:
​1) SPY ETF (SPDR S&P 500 ETF)  is still into a Weekly Downtrend Channel
​and tested last week a Major Support Trendline that stared back since
​February 8 2016 week. (
See first chart below, Grey trendline - Ellipse)​​

2) ​QQQ ETF (NASDAQ- 100 Index Tracking Stock) broke a Weekly Support
​Trendline from a steep Rising Wedge. Quite surprising as Apple shares did
quite well in that turmoil​ and is 11.38% of the QQQ ETF.
(See second chart below - Blue trendline - Ellipse)​

​3) DIA ETF (SPDR Dow Jones Industrial Average ETF) is in process of
breaking the Weekly Support Trendline from a Rising Wedge.
(See third chart below - Left - Blue trendline - Ellipse)​​


4) TWOK ETF (SPDR Russell 2000 ETF) broke two weeks ago a steep Rising Wedge Support Trendline.
(See fourth chart below - Right - Blue Trendline - Ellipse)

​​​5) DXY Index (US Dollar Index) broke a Major Weekly Resistance Trendline from a Falling Wedge.
(See fifth chart below - Blue Trendline - Ellipse)​

6) TLT ETF (iShares 20+ Year Treasury Bond ETF) broke a Weekly Support Trendline (previous breakout Trendline). Also testing the 200 DMA (Day Moving Average).  (See sixth chart below - Red Trendline - Ellipse)​​
​​
7) VIX Index (​SP500 Volatility-CBOE) is still trading within a Weekly Falling Wedge. (See seventh chart below).

8) Gold Futures (GC1-COMEX) broke s Weekly Channel Support two weeks ago and is trying to consolidate at the 200 DMA. (See eight chart below - Blue trendline - Ellipse)
​​
9) Light Crude Oil Futures (CL2-NYMEX) broke two weeks ago a tiny Resistance Trendline within a Major Rising Wege Technical Pattern. (See ninth chart below - Grey Trendlines - Ellipse for tiny breakout)​

​​Very atypical Markets; US $ up, oil up, gold down and US stocks and bonds down....


​​




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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

US Technical Charts Potpourri $SPY #sp500 #usdollar #bonds #gold #stocks  #investing #trading #spy #dxy #bonds #gold #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 )
​Gold Futures ( GC1 )
​Volume ( Bottom Blue Area )​​

Financialiceberg.Com
Financialiceberg.Com
Financialiceberg.Com
 ​​Weekly Chart ( Candles )
​US Dollar Index ( DXY )

Financialiceberg.Com
Weekly Chart
​NASDAQ 100 Index ( QQQ ETF - Top Panel - Candles )
​QQQ ETF Volume ( Bottom Panel - Blue Area )​​
Financialiceberg.Com
Weekly Chart
​Dow Jones Industrial ( DIA ETF - Top Panel - Candles )
​DIA ETF Volume ( Bottom Panel - Blue Area )​​
Weekly Chart
​Russell 2000 ( TWOK ETF - Top Panel - Candles )
​TWOK ETF Volume ( Bottom Panel - Blue Area )​​
Weekly Chart ( Candles )
CBOE SP500 Index Volatility (​ VIX  )

 ​Weekly Chart ( Candles )
​Oil Futures ( CL2 )
​Volume ( Bottom Blue Area )​​