Archive for category: Premium

UPCOMING EVENT - SEPTEMBER QUARTERLY MEMBER WEBINAR

Tech Charts members, please mark your calendar as we are excited and preparing for the quarterly member webinar. We will share the webinar link in the following weeks. It will be my pleasure to have the joint webinar with Peter Brandt discussing many topics in charting, statistics and more.

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) broke out of its multi-month long consolidation. In its uptrend the ETF formed several bullish continuation chart patterns with the latest one being the short-term bullish pennant. Price action so far looks like a reversion to the mean. Strong support area remains between the 200-day average, 92.7 and the horizontal boundary at 93.3 levels. Given that two important technical levels are overlapping around the same area, I see it as an inflection point. Failure to hold above the 200-day average can result in a change in trend. If the pullback (re-test of the horizontal support) has been completed the ETF can target cup & handle price target at 101 levels in the following weeks. Uptrend is intact above the 200-day average.

Breakdowns on BTC and ETH result in pullbacks to important technical support levels. Bullish outlook on BTCUSD remains intact. ETHUSD chart is possibly morphing with not a clear chart pattern development at this stage. Read More

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) broke out of its multi-month long consolidation. In its uptrend the ETF formed several bullish continuation chart patterns with the latest one being the short-term bullish pennant. ACWI ETF is possibly pulling back to the broken short-term consolidation and toward the upward sloping trend line which is forming support at 96 levels. The uptrend is intact and strong support area remains between 93.3 and 96 levels. Chart pattern price targets for cup & handle and the larger scale H&S bottom reversal stand at 101 and 109 levels. Breakdown below the trend line support can result in a pullback towards the next support at 93.3 levels.

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) broke out of its multi-month long consolidation. In its uptrend the ETF formed several bullish continuation chart patterns with the latest one being the short-term bullish pennant. ACWI ETF is possibly pulling back to the broken short-term consolidation and toward the upward sloping trend line which is forming support at 96 levels. The uptrend is intact and strong support area remains between 93.3 and 96 levels. Chart pattern price targets for cup & handle and the larger scale H&S bottom reversal stand at 101 and 109 levels.

I start my research on Mondays and finalize by end of day Thursday. Friday is dedicated to putting all ideas to the report format. During the week I come across good setups and those are featured in the weekly report. However, there are those that pop during the week and is worth bringing to your attention before the week finalizes. Below are the latest additions to Tech Charts watchlist. These charts will also be included in the weekly update.