The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) recovered above its 200-day average. To get bullish on Global Equities, I want to see the ETF clearing the 200-day average and settling above it. Until that happens I will view this as a counter trend rebound. We can see more sideways consolidation around the 200-day average until the index finds direction.
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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) continues to remain below the 200-day average. Past few days rebound has been strong and pushed the ETF towards the strong resistance area between 99 and 100.1. To get bullish on Global Equities, I want to see the ETF clearing the 200-day average and settling above it. Until that happens I will view this as a counter trend rebound. Last 3 months trend has been downwards with clear lower lows and lower highs.
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Cryptocurrency markets have been muted for the past few months. Clearly volatility dropped to low levels which suggests an increase in volatility on the coming weeks. Increase in volatility usually results in a trend period. Many charts I'm reviewing are lacking any breakout setup. However, there is a common theme between charts that suggest a possible rebound from strong support areas which can offer trading opportunity between boundaries. Below I feature these opportunities.
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) continues to remain below the 200-day average. Past few days rebound has been strong and pushed the ETF towards the strong resistance area between 99 and 100.1. To get bullish on Global Equities, I want to see the ETF clearing the 200-day average and settling above it. Until that happens I will view this as a counter trend rebound. Last 3 months trend has been downwards with clear lower lows and lower highs.
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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) continues to remain below the 200-day average and exposed for further weakness. Previous rebound got rejected at the 200-day average. 99-100.4 area is the new resistance. The ETF started forming lower lows and lower highs. If rebounds can't push prices above the 99-100.4 area, downtrend can accelerate.
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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) continues to remain below the 200-day average and exposed for further weakness. Previous rebound got rejected at the 200-day average. 99-100.7 area is the new resistance. The ETF started forming lower lows and lower highs. If rebounds can't push prices above the 99-100.7 area, downtrend can accelerate.
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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) experienced another sell-off below the 200-day average. Previous rebound got rejected at the 200-day average. 99-101 area is the new resistance. The ETF started forming lower lows and lower highs. If rebounds can't push prices above the 99-101 area, downtrend can accelerate. On the long-term chart price is trying to hold above the upper boundary of the rising trend channel. Failure to do so can result in a sell-off towards the next support around 82 levels.
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In this report I'm adding more range-trading opportunities. There are several pairs that are testing strong support areas. Those can experience rebounds. Charts are mostly on weekly scale.
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is looking for direction around the 200-day average. Latest rebound got rejected at the 200-day average. 99-101.2 area is the new resistance. Unless we see a quick recovery above this resistance area, I will expect lower prices in the coming weeks.
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