Always consider hidden risks
US Technical Charts Potpourri
 July 29 2018 ( From TradingView, CNN Money )
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​Trade war is on. Expect more volatility going forward. Technology stocks 
​turmoil start to bring some question for the US equity behavior.​
The market is still all momentum stocks not value stocks.

​Some Weekly Technical Charts and Short Comments on US financial products:

​1) SPY ETF (SPDR S&P 500 ETF) Tested and rebounded from a Major Weekly
​Uptrend Channel Support ​4 weeks ago. Still Into a Weekly Uptrend Channel.
Weekly Shooting Star last week. 
(See first chart below - channel)​​ 

2) VTI ETF (Vanguard Total Stock Market ETF) comprised of 3 638 US Stocks
(Total Market Index) Broke the Resistance of a Weekly Falling ​Wedge Technical ​
​Pattern 11 weeks ago.​ Still into a Weekly Uptrend Channel. Weekly Shooting
​Star last week.  ​ ​
(See second chart below - Channel). 

​​3) QQQ ETF (NASDAQ - 100 Index) New Weekly High Ever violently Rejected
last week ​(lower weekly close with a Shooting Star) . Still Into a Weekly
​​Megaphone Trading Pattern. ​ ​
(See third chart below - ​red trendlines)​​.  ​

4) Apple Shares (AAPL) Broke 25 weeks ago a Weekly Rising Wedge Technical ​
​Pattern Support Trendline. 
(See fourth chart below - Right - Red Trendlines) 
Weekly Shooting Star. ​Still Into a Weekly Rising Wedge (pink).

​​​5) DXY Index (US Dollar Index) Broke 13 weeks ago the Major Resistance Trendline from a Weekly Falling Wedge. Now becomes support. Broke 4 weeks ago a Weekly Uptrend Channel.  (See fifth chart below - Red Trendline)​

6) TLT ETF (iShares 20+ Year Treasury Bond ETF) Broke 28 weeks ago a Weekly Rising Wedge Support Trendline. (See sixth chart below - Red Trendlines)​​ Back 2 weeks ago below the Major Weekly Rising Wedge Support (blue-from Feb 2011). Strong Price Compression within a Weekly Falling Wedge (pink trendlines). 
7) VIX Index (​SP500 Volatility-CBOE) Broke 25 weeks ago a Weekly Falling Wedge Technical Pattern. Started the new Volatility Phase.  (See seventh chart below - Grey Trendlines). That trendline become weekly support.
8) Copper Futures (HG2-COMEX) Broke 5 weeks ago the old Weekly Rising Uptrend Channel Support. 
(See eight chart below-Channel)

​​9) Light Crude Oil Futures (CL2-NYMEX) Broke last week the weekly Uptrend Channel. ​ 
(See ninth chart below -YellowTrendlines).​ 

The buy the dip mentality is still strong and will become costly to investors.​ Buyback is still keeping that market alive for now.


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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 )​​