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US Technical Charts Potpourri
October 29 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
coming mainly from Technology and Internet stocks...

Some Weekly Technical Charts and Short Comments on US financial products:
1) SPY ETF (SPDR S&P 500 ETF) New High Ever. Broke 4 weeks ago a Weekly
Resistance of a Rising Wedge Technical Pattern. Still Into a Weekly Uptrend
Channel. Weekly Hanging Man. (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 4 weeks ago. Into a Weekly Uptrend Channel. As the
SPY ETF, a Weekly Hanging Man.
(See second chart below - Yellow Trendlines + Channel).

3) QQQ ETF (NASDAQ - 100 Index) New High Ever + Broke last week a Weekly
main Uptrend Channel Resistance Trendline. (See third chart below - Channel).

4) Apple Shares (AAPL) Broke 20 weeks ago the previous Weekly Breakout
Trendline. (See fourth chart below - Right - Yellow Trendline) Becomes Major Resistance
Trendline that Bears need to protect at all costs. Broke last week a Weekly Downtrend Channel and back above previous Breakdown Trendline (red).

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

6) TLT ETF (iShares 20+ Year Treasury Bond ETF) Broke 5 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 2 weeks ago a Major Weekly Downtrend Resistance from February 2011 that Bulls need to protect at all costs. Back testing it last week. (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 Technology stocks earnings results. 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 )

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