Always consider hidden risks
Financial Markets: Brace for Volatility?
June 13 2016  ​( From TradingView, CNN Money )
If you would like to receive our free daily markets updates, please Sign-Up

​​The Situation

In these Greedy Times (the Fear and Greed Index from CNN Money is
​coming from Extreme Greed Level of 81 as of June 8), it is interesting
​to look at the big picture
i n terms of financial markets that may explain
​a lot why we are 
under a Volatility macro phase upwave.​​

I will show you some Weekly Charts that are near or within a breakout
​or breakdown technical pattern. All Weekly Wedges, Triangles or
Pennant Technical Pattern ready to explode.​

Little explanation will be given; it is pure Major Technical Levels
most of Financial Markets are close to test and could bring as History
​suggest a
 potential severe spike in terms of financial volatility.

Here are the main Weekly Charts:

1) ​​​SP500 Index (SPY ETF) rejecting a Major Resistance Trendline that started back on the week of May 18 2015
(See First Chart Below - Red Trendline - Ellipse)​

2) ​US Bonds are in a Major Breakout process (taking the TLT ETF as a proxy : iShares 20+ Year Treasury Bond ETF) as it did test the previous weekly high of 135.25 this week.
​(See Second Chart Below - Red Trendline - Ellipse)​

3) ​The VIX Index just broke a Weekly Resistance Trendline and quite near of getting over that narrow weekly channel that we re stuck since April 2016.
​(See Third Chart Below - Grey Trendline - Ellipse)

4) ​​The Emerging Market Currencies (CEW ETF) ​​rejected last week a Major Resistance Trendline thta started back since the week of July 21 2014.
(See Fourth Chart Below - Grey Trendline - Ellipse).

5) And for my Canadian followers, the SPTSX 60 Index (XIU ETF) is trading within a Steep Weekly Rising Wedge
(See Fifth Chart Below - Red Trendlines - Ellipse).

All those factors will keep the risk of spike in volatility high and make the next few weeks as the most potential volatile for financial assets.

Louis Pasteur
"Chance favors the prepared mind."

 Financial Markets: Brace for Volatility? $SPY,  $USDCNY #Trading #investing #yuan #SP500

Weekly Chart - Candles

TLT ETF (​ iShares 20+ Year Treasury Bond ETF )
Weekly Chart - Candles​

SP500 VIX Index 
Weekly Chart - Candles

CEW ETF (Wisdomtree Emerging Market Currency - Candles )
​EEM ETF (iShares MSCI Emerging Market - Blue Line )
Weekly Chart​

SP TSX 60 Index (XIU ETF )
Weekly Chart - Candles