20160311

20160311 TRADER'S MAZE WEEKLY WRAP

What the week brought new from the technical point of view

-- $DAX Busted falling wedge with kiss of Good Bye to the resistance line or failed attempt to break the pattern?

-- $HSI No change from last week ... China still in downtrend

-- $SPY Intraday

-- $SPY DAILY - it will now test important resistance

-- $GLD WEEKLY - Gold now quite oversold but it still holding to it's gains

-- $VIX - stays withing rising channel after bounced from the channel floor

From this week's headlines:

This 4,000-Year-Old Financial Indicator Says That A Major Crisis Is Looming | Zero Hedge
http://www.zerohedge.com/...s/2016-03-08/4000-year-old-financial-indicator-says-major-crisis-looming


And a bonus chart

-- The Origins of SP500 1850 support.