GLOBAL EQUITY MARKETS – October 31, 2020

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) resumed its correction after finding resistance at 84.15 levels, the minor high. The uptrend on Global equities is intact and ACWI ETF continues to trend higher above its 200-day average which is acting as support at 76.7 levels. Global equities are searching for direction in the short-term. Price is at an important inflection point. Last 2 month's consolidation between 84.15 and 76.7 levels can act as Read More

GLOBAL EQUITY MARKETS – October 24, 2020

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) found support at 82 levels, Jan-Feb 2020 highs. The uptrend on Global equities is intact and ACWI ETF continues to trend higher above its 200-day average which is acting as support at 76.6 levels. Global equities are searching for direction in the short-term. There is a possibility of a cup & handle continuation chart pattern forming on the ETF with the handle part being in progress. 84.15 continues to act as resistance.

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INTERIM UPDATE – October 23, 2020

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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 latest additions to Tech Charts watchlist in case they experience breakouts in the last day of the week. These charts will also be included in the weekly update.

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GLOBAL EQUITY MARKETS – October 17, 2020

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) broke out of a consolidation that acted as a bullish flag. The ETF resumed higher to test the resistance at 84.15 levels. The uptrend on Global equities is intact and ACWI ETF continues to trend higher above its 200-day average which is acting as support at 76.3 levels. Global equities are searching for direction in the short-term.

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GLOBAL EQUITY MARKETS – October 10, 2020

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) broke out f a consolidation that could possibly be a bullish flag. The ETF closed the week above 82 levels and slightly below the all-time high at 84 levels. The uptrend on Global equities is intact and ACWI ETF continues to trend higher above its 200-day average which is acting as support at 76 levels.

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INTERIM UPDATE – October 9, 2020

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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 latest additions to Tech Charts watchlist in case they experience breakouts in the last day of the week. These charts will also be included in the weekly update.

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H&S Bottom Reversal with a Hard Re-Test

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GLOBAL EQUITY MARKETS – October 3, 2020

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) continues to consolidate above its 200-day average. I analyze the latest correction as a reversion to the mean. As we are still above the 200-day average for the ACWI ETF, It is difficult for me to put my bear market cap on. I've discussed the possibility of a short-term H&S top on the ETF, but so far we haven't seen a follow through which puts the bearish interpretation in question. There is no clear chart pattern development on the daily scale price chart.

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INTERIM UPDATE – October 1, 2020

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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 latest additions to Tech Charts watchlist in case they experience breakouts in the last two days of the week. These charts will also be included in the weekly update.

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TRADERS SUMMIT – SUMMARY

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Dear Tech Charts members,

On the 27th of September, I gave a presentation at the Online Traders Summit. You might have missed the opportunity to attend. If you have registered for the event a recording will probably be sent out.

I wanted to summarize the main points I've discussed at the online event also you can find attached the charts I've shared with the attendees. You might find these long-term charts interesting. Though, the first part of the presentation where I discuss the general concepts for classical charting might be familiar if you have been a long-time Tech Charts member.

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