FINANCIAL ICEBERG
Always consider hidden risks
 TECHNICALS
US Technical Charts Potpourri
 June 26 2017 ( From TradingView, CNN Money )
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The SP500 Index tiny consolidation past 2 weeks is in fact hiding a huge
​sector ​rotation that is under way; technology sector weakness being replace
​by a ​strong health care and industrial sectors. ​

​​
​Some Weekly Technical Charts and Short Comments on US financial products:
​1) SPY ETF (SPDR S&P 500 ETF) Still above the previous Weekly Break Out
​Trendline that is critical for Bulls. Still Into a Weekly Downtrend Channel.
​Spinning Top Tech pattern 3 weeks ago. 
(See first chart below - Channel + ​Blue trendline)​​

2) VTI ETF (Vanguard Total Stock Market ETF) comprised of 3575 US Stocks
(Total Market Index) is now below the previous Weekly breakout ​Trendline
​from April 2016; Bulls need stay above. ​ 
(See second chart below - Top Grey Trendline). 

​​3) QQQ ETF (NASDAQ - 100 Index) Into Weekly Uptrend Channel. Rejection
​3 weeks ago of ​the Weekly Resistance of an Uptrend Channel was a warning.​ 
​(See third chart below - ​Channel)​​.  Weekly Bearish Engulfing Pattern 3 weeks ago.

4) Apple Shares (AAPL) broke 3 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.​ Broke the
​Support 2 weks ago of a ​Weekly Trendline that was critical for Bulls (yellow).

​​​5) DXY Index (US Dollar Index) broke 8 weeks ago the Support Trendline (See fifth chart below - Blue Trendline)​ and broke 6 weeks ago the Weekly Falling Wedge Support (Red Trendlines). Still into a Weekly Downtrend Channel.

6) TLT ETF (iShares 20+ Year Treasury Bond ETF) still testing a Weekly Rising Wedge Resistance.
​(See sixth chart below - Yellow Trendlines)​​  Closed over the 52 WMA (Weekly Moving Avg-green line) last broken in Nov 2016.
​​​
7) VIX Index (​SP500 Volatility-CBOE) strong weekly compression within a Falling Wedge that started since August 2015 (See seventh chart below - Grey). 
​​​​
8) Copper Futures (HG2-COMEX) broke 4 weeks ago a Weekly Resistance Trendline of a Downtrend Channel. Now into a Weekly Uptrend Channel.​  (See eight chart below-Channel) 
​​9) Light Crude Oil Futures (CL2-NYMEX) Since breaking the Old Weekly Rising Wedge Support Pattern three weeks ago, into a Weekly Downtrend Channel. ​​​(See ninth chart below - Grey Trendline).​ 

Weekly gains from Health Care and Industrial Sectors was not ​​enough to reach a new closing high on SPY ETF as the correction in Technology stocks was quite acute (Weekly Bearish Engulfing Pattern 3 weeks ago).


​​




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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 )​​