FINANCIAL ICEBERG
Always consider hidden risks
 TECHNICALS
US Technical Charts Potpourri
 August 20 2017 ( From TradingView, CNN Money )
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​The SP500 Index made a Daily Shooting Star on August 8 (not shown here);
​it was an early ​signal of of a potential correction in the stock market.
​​

​​
​Some Weekly Technical Charts and Short Comments on US financial products:
​1) SPY ETF (SPDR S&P 500 ETF) Strong Rejection of the Resistance of a
​Weekly Rising Wedge Technical Pattern on higher trading Volume... Broke
the Weekly Uptrend Channel.​ ​​
(See first chart below Channel + ​Red trendlines)​​

2) VTI ETF (Vanguard Total Stock Market ETF) comprised of 3 606 US Stocks
(Total Market Index) Rejected strongly the previous Weekly breakout ​
​Trendline. 
(See second chart below - Top Grey Trendline).Testing Rising WedgeSupport.

​​3) QQQ ETF (NASDAQ - 100 Index) Broke 2 weeks ago the Weekly Uptrend
​Channel that started in December 2016. ​ ​
​(See third chart below - ​Channel)​​.  ​

4) Apple Shares (AAPL) broke 11 weeks ago the previous Weekly Breakout
​Trendline.
​(See fourth chart below - Right - Red Trendline) Becomes Major
​Resistance Trendline that Bears need to protect at all costs.​ Third test of
of that Resistance since Breakdown.​ Breakout of a Weekly Megaphone 3 weeks ago. (
Grey Trendlines

​​​5) DXY Index (US Dollar Index) broke 16 weeks ago the Support Trendline (See fifth chart below - Grey Trendline)​ and broke 14 weeks ago the Weekly Falling Wedge Support (Red Trendlines). Still into a Weekly Downtrend Channel. Still Testing the Previous Weekly Breakout Trendline (blue).

6) TLT ETF (iShares 20+ Year Treasury Bond ETF) Still Into a large Weekly Rising Channel. (See sixth chart below - Channel)​​  Above the 52 WMA (Weekly Moving Avg-green line).
​​​
7) VIX Index (​SP500 Volatility-CBOE) Broke Violently 2 weeks ago a Weekly Falling Wedge that started since August 2015. (See seventh chart below - Grey Trendlines). 
​​​​
8) Copper Futures (HG2-COMEX) broke 12 weeks ago a Weekly Resistance Trendline of a Downtrend Channel. Now into a Weekly Rising Wedge.​  (See eight chart below-Yellow Trendlines) Highest Level since November 2014.

​​9) Light Crude Oil Futures (CL2-NYMEX) Still into a Weekly Uptrend Channel that started since June 2017. ​​
​(See ninth chart below -Channel).​ 

Uncertainties surrounding the US stock market is increasing technically speaking: Big capitalization outperforming, High beta stocks under performing and we had an Hinderburg Omen on August 17.


​​




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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 )​​