SGT Chart Book

Market Observations, SGT Chart Book|11 Sep 2023

Last Week:

Apple is facing new threats to its iPhone sales in China. The Wall Street Journal on Wednesday reported China has ordered government officials not to use iPhones for work or bring them to the office. Apple’s stock slumped, costing the company about $194 billion in market value. Its shares lost 3.6%.

Apple

Dow 30

Uptrend still intact with higher lows.

US 10-Year

After last week’s test of top and bottom on the up channel, this week consolidated with range. Up channel still intact.

EURUSD

Break of trend line support has led to $ strength reaching the 1.0680 area so far.

XAUUSD

Rallies have been limited to tests of the down trend line.

XAGUSD

Traces out a larger triangle consolidation on daily charts. Prices declined every day last week.

USOIL

Consolidates after the breakout.

BTCUSD

Chart shows last week’s range. Our crypto friends are all waiting for the catalyst for further volatility.

Until next week, happy trading…
SGT Trade Desk

Disclaimer: Trading Desk Observations are not trade recommendations. The purpose of these charts is to bring to your attention potential chart patterns you may wish to monitor.