FINANCIAL ICEBERG
Always consider hidden risks
 TECHNICALS
US Technical Charts Potpourri
 February 18 2018 ( From TradingView, CNN Money )
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The SP500 Index is back into an euphoric phase as retail investors chasing
momentum stocks and not the value stocks.​


​​
​Some Weekly Technical Charts and Short Comments on US financial products:
​1) SPY ETF (SPDR S&P 500 ETF) Broke 7 weeks ago ​the Major Weekly
​Resistance from a Rising Channel.  ​
(See first chart below - yellow trendline)​​ 
Back testing the Resistance so critical for Bulls to break.

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 20 weeks ago.​ Back into previous weekly megaphone.
(See second chart below - RedTrendlines). .

​​3) QQQ ETF (NASDAQ - 100 Index) Broke 2 weeks ago a ​tiny Weekly Support
​Trendline. 
(See third chart below - ​red trendline)​​.  ​Back last week above it.

4) Apple Shares (AAPL) Broke 4 weeks ago a Weekly Rising Wedge Technical ​
​Pattern Support Trendline (red)​. Broke 2 weeks ago the bigger Weekly
​Megaphone Support Trendline but back above it last week. ​
(See fourth chart below - Right - Grey Trendlines) 

​​​5) DXY Index (US Dollar Index) Broke 4 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 5 weeks ago a Weekly Rising Wedge Support Trendline. (See sixth chart below - Red Trendlines)​​ Broke 2 weeks ago a Major Weekly Rising Wedge Support (blue-from Feb 2011). Bears need to protect that trendline (now resistance).
​​​
7) VIX Index (​SP500 Volatility-CBOE) Broke 3 weeks ago a Weekly Falling Wedge Technical Pattern.  (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)

​​9) Light Crude Oil Futures (CL2-NYMEX) Still into a weekly Uptrend Channel.
(See ninth chart below -YellowTrendlines).​ 

The weekly VIX chart confirmed 3 weeks ago that we are getting into a more volatile trading environment.
The buy the dip mentality is strong and investors ignored the last inflation data.​



​​




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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 )​​