GLOBAL EQUITY MARKETS – May 6, 2023

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is looking for direction. After the 4th test of the strong horizontal resistance at 93.3 levels price pulled back to the 200-day average and rebounded. The last pullback can be the handle of a 3 month-long cup & handle continuation chart pattern that can increase the bullish conviction of the larger scale H&S bottom chart pattern. Breakout above 93.3 levels will be very positive for Global equities. The short-term range is between the 200-day average and the horizontal resistance at 93.3 levels. Cup with handle price target stands at 101 and the larger scale H&S bottom reversal price target is at 109 levels.

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CRYPTOCURRENCIES – April 30, 2023

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Several altcoins are still in well-defined consolidations. BTC and ETH volatile but trends are intact.

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GLOBAL EQUITY MARKETS – April 29, 2023

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is looking for direction. After the 4th test of the strong horizontal resistance at 93.3 levels price pulled back to the 200-day average and rebounded. The last pullback can be the handle of a 3 month-long cup & handle continuation chart pattern that can increase the bullish conviction of the larger scale H&S bottom chart pattern. Breakout above 93.3 levels will be very positive for Global equities. The short-term range is between the 200-day average and the horizontal resistance at 93.3 levels.

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GLOBAL EQUITY MARKETS – April 22, 2023

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is looking for direction. So far price action has been volatile around the 200-day average. This week is the 4th test of the strong horizontal resistance at 93.3 levels. If the ETF pulls back to the 200-day average once again, it might form a short-term cup & handle that can increase the bullish conviction of the chart pattern. Breakout above 93.3 levels will be very positive for Global equities. The short-term range is between the 200-day average and the horizontal resistance at 93.3 levels.

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CRYPTOCURRENCIES – April 16, 2023

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Several altcoins are still in well-defined consolidations. BTC and ETH trend towards price objectives.

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GLOBAL EQUITY MARKETS – April 15, 2023

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is looking for direction. So far price action has been volatile around the 200-day average. After last week's strong rally above the 200-day average, I started weighing the possibility of a large scale H&S bottom reversal with the neckline standing at 93.3 levels. This week is the 4th test of the strong horizontal resistance at 93.3 levels. If the ETF pulls back to the 200-day average once again, it might form a short-term cup & handle that can increase the bullish conviction of the chart pattern.

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GLOBAL EQUITY MARKETS – April 8, 2023

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is looking for direction. So far price action has been volatile around the 200-day average. After last week's strong rally above the 200-day average, I started weighing the possibility of a large scale H&S bottom reversal with the neckline standing at 93.3 levels. The ETF might be completing the right shoulder of a multi-month long H&S bottom reversal. There has been several tests of the horizontal resistance at 93.3 levels.

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How To Utilize Support & Resistance in Different Trade Setups – March 2023 Tech Charts Webinar

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How To Utilize Support & Resistance in Different Trade Setups - March 2023 Tech Charts Webinar

We are continuing our Member webinar series with chart pattern reliability and how the latest market conditions have impacted success rates on different chart patterns. Webinar Outline
  • Review of chart pattern statistics and discussion on chart pattern reliability covering the first quarter of 2023
  • Review of global equity markets and latest opportunities
  • Support and Resistance levels & actionable breakout/breakdown points on each classical chart pattern that is covered under Educational Videos
  • Education/analysis of fine points on classical charting as we go through different charts/questions
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CRYPTOCURRENCIES – April 2, 2023

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Cryptocurrency markets are taking their time to accelerate/start new trends.

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GLOBAL EQUITY MARKETS – April 1, 2023

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is looking for direction. So far price action has been volatile around the 200-day average. After this week's strong rally above the 200-day average, I'm weighing the possibility of a large scale H&S bottom reversal with the neckline standing at 93.3 levels. The ETF might be completing the right shoulder of a multi-month long H&S bottom reversal.

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