Always consider hidden risks
US Technical Charts Potpourri
 October 22 2017 ( From TradingView, CNN Money )
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​The SP500 Index continue its grinding phase trade technical pattern;
​New High Ever on Low Volume... Euphoria Sentiment into the market...

​Some Weekly Technical Charts and Short Comments on US financial products:
​1) SPY ETF (SPDR S&P 500 ETF) New High Ever. Broke 3 weeks ago a Weekly
​Rising Wedge Technical ​Pattern of a Rising Wedge. ​​At Weekly Resistance of the
Uptrend Channel.​ ​
(See first chart below Channel + ​Red trendlines)​​ 

2) VTI ETF (Vanguard Total Stock Market ETF) comprised of 3 607 US Stocks
(Total Market Index) New High Ever. Broke the Resistance of a Weekly Rising
​Wedge Technical Pattern 3 weeks ago.​ Into a Weekly Uptrend Channel.
(See second chart below - Yellow Trendlines + Channel).

​​3) QQQ ETF (NASDAQ - 100 Index) New High Ever + Still Into a Weekly main
​Uptrend Channel. Weekly Hanging Man.​ ​
​ ​(See third chart below - ​Channel)​​.  ​

4) Apple Shares (AAPL) Broke 19 weeks ago the previous Weekly Breakout
​(See fourth chart below - Right - Yellow Trendline) Becomes ​Major Resistance
​Trendline that Bears need to protect at all costs.​ Broke 5 weeks ago a Weekly
​Rising Channel. Still Into a Weekly Downtrend Channel.

​​​5) DXY Index (US Dollar Index) broke 4 weeks ago a Weekly Downtrend Channel. Back Above the Previous Weekly Breakout Trendline 4 weeks ago. (See fifth chart below - Blue Trendline)​ + Into a Weekly Uptrend Channel. 

6) TLT ETF (iShares 20+ Year Treasury Bond ETF) Broke 4 weeks ago a large Weekly Rising Wedge Support Trendline. (See sixth chart below - Yellow Trendlines)​​ Tested and Rejected a Weekly Downtrend Channel Resistance.
7) VIX Index (​SP500 Volatility-CBOE) Strong Price Compression within a Weekly Falling Wedge Technical Pattern. Back testing Support.  (See seventh chart below - Grey Trendlines). 
8) Copper Futures (HG2-COMEX) Broke a Major Weekly Downtrend Resistance from February 2011 that Bulls need to protect at all costs.  (See eight chart below-Red Trendline)

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

The US stock market keep rising in a grinding way and reached new high ever last week on Trump tax proposal a few weeks ago. Retail is still chasing Momentum and High Beta stocks in favor of Value stocks, a situation that is becoming quite speculative.


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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 )​

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 )​​

 ​​Weekly Chart ( Candles )
​US Dollar Index ( DXY )

Weekly Chart 
Vanguard Total Stock Market​ ETF ( VTI ETF )

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 )​​