FINANCIAL ICEBERG
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 TECHNICALS
US Technical Charts Potpourri
 October 31 2016 ( From TradingView, CNN Money )
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Last week, US Financial Markets were under pressure as the strength lately
of the US Dollar Index (DXY) did bring some profit taking from foreigners in
​most US Financial Assets  (mainly stocks and bonds):
​​Bond Traders Suffer Worst Rout in Three Years as Selloff Deepens

​​Some Technical Charts and Short Comments on US financial products:
​1) SPY ETF (SPDR S&P 500 ETF)  is still into a Weekly Downtrend Channel
​and finally broke a Major Support Trendline that started back since
​February 8 2016 week. (
See first chart below, Grey trendline - Ellipse)​​
​but still abovve the previous breakout trendline so critical for Bulls (red).

2) VTI ETF (Vanguard Total Stock Market ETF) comprised of 3613 US Stocks
(so for me it is the Total Market Index) broke also a Major Support Line like
​the SP500 Index. (See second chart below - Ratio of SPY/ACWX  ETF - Candles)​​
​​
​​3) ​QQQ ETF (NASDAQ- 100 Index Tracking Stock) broke a few weeks ago a
​Weekly Support Trendline from a steep Rising Wedge. (See third chart below -
​Left - Blue trendline - Ellipse)​​. It did retest the Resistance and failed to break.


4) TWOK ETF (SPDR Russell 2000 ETF) broke the Major Weekly Support Trendline from a Rising Wedge and stalso a Weekly Downtrend Channel. (See fourth chart below - Right - Blue Trendline - Ellipse)

​​​5) DXY Index (US Dollar Index) broke a steep Weekly Uptrend Channel: month end and US election looming bring some profit taking. (See fifth chart below - Channel)​

6) TLT ETF (iShares 20+ Year Treasury Bond ETF) since breaking the weekly support trendline three weeks ago is in free fall and now below the 52 Weekly Moving Avg.  (See sixth chart below - Green Line)​​
​​
7) VIX Index (​SP500 Volatility-CBOE) is in strong Compression Mode. (See seventh chart below).

8) Lumber Futures (LB1-CME) broke a Weekly Support Trendline from an Uptrend Channel.
​(See eight chart below - Channel)
​​
9) Light Crude Oil Futures (CL2-NYMEX) is getting near a Major Resistance Trendline within a Major Rising Wedge Technical Pattern. (See ninth chart below - Grey Trendline - Ellipse)​

​​All US Dollar driven week as profit taking from foreigners on most US Financial Assets. Also, China economy is still a big concern. Expect an atypical behavior for markets til the US election.


​​




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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

US Technical Charts Potpourri $SPY #sp500 #usdollar #bonds #gold #stocks  #investing #trading #spy #dxy #bonds #gold #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 )
​Lumber Futures ( LB1 )
​Volume ( Bottom Blue Area )​​

Financialiceberg.Com
Financialiceberg.Com
Financialiceberg.Com
 ​​Weekly Chart ( Candles )
​US Dollar Index ( DXY )

Financialiceberg.Com
Weekly Chart 
​US Total Stock ETF ( VTI ETF )

Financialiceberg.Com
Weekly Chart
​NASADQ 100 Index ( QQQ ETF - Top Panel - Candles )
​QQQ ETF Volume ( Bottom Panel - Blue Area )​​
Weekly Chart
​Russell 2000 ( TWOK ETF - Top Panel - Candles )
​TWOK ETF Volume ( Bottom Panel - Blue Area )​​
Weekly Chart ( Candles )
CBOE SP500 Index Volatility (​ VIX  )

 ​Weekly Chart ( Candles )
​Oil Futures ( CL2 )
​Volume ( Bottom Blue Area )​​