GLOBAL EQUITY MARKETS – September 5, 2020

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) experienced its first setback after a lengthy uptrend. I've adjusted the boundary of the trend channel in order to focus on the latter stages of the uptrend. Friday's candlestick formed long spindle suggesting buyers stepped in at the possible lower boundary. 82 is an important level to watch. I don't think the ETF cleared the resistance at 82. The breach was premature to call it a breakout. So I still monitor 82 as the resistance. The 200-day moving average is forming support at 74.9 levels. Breakdown below Friday's low (79.3) and the lower boundary of the 3 month-long trend channel can result in a sharp correction towards the 200-day average. Sideways consolidation around 82 levels and inside the green trend channel will be positive in the short-term.

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Live Webinar and Q&A with Aksel – Thursday, September 3rd, 8:30 am mountain

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Dear Tech Charts Members,

We are continuing our Member webinar series with several important and frequently asked topics. In the following webinar, we will follow a different approach. Given that the topics are different concepts in technical analysis/classical charting and trading, each section will have a +/- 10 min presentation followed by Q&A on that section.

Scheduled for: Thursday, September 3rd, 8:30 am mountain (register below)

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GLOBAL EQUITY MARKETS – August 29, 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 uptrend. Last three month's price action can be identified as a rising channel. Price is trying to remain inside the trend channel and so far the price remained above the 200-day average. Uptrend is intact. The 200-day moving average is forming support at 74.4 levels. Breakdown below the lower boundary of possible trend channel can result in a pullback towards the 200-day average at 74.4 levels. Volatility is low and we can expect another trend period soon. If it is a correction with the breakdown of the trend channel, it should develop fast, towards 74.4 levels. The ETF breached its pre-pandemic high at 82 levels. Though it could be early to call this a breakout.

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INTERIM UPDATE – August 25, 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 that may experience breakouts over the next few trading days. These charts will also be included in the weekly update. (Data as of August 25, 2002, CET 13:05 PM)

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GLOBAL EQUITY MARKETS – August 22, 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 uptrend. Last three month's price action can be identified as a rising channel. Price is trying to remain inside the trend channel and so far the price remained above the 200-day average. Uptrend is intact. The 200-day moving average is forming support at 74 levels. Breakdown below the lower boundary of possible trend channel can result in a pullback towards the 200-day average at 74 levels. Volatility is low and we can expect another trend period soon. If it is a correction with the breakdown of the trend channel, it should develop fast, towards 74 levels. Pre-pandemic high stands at 82 levels, which is the next important resistance.

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INTERIM UPDATE – August 19, 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 that may experience breakouts over the next two days. These charts will also be included in the weekly update. (Data as of August 19, 2002, CET 21:00 PM)

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GLOBAL EQUITY MARKETS – August 15, 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 uptrend. Last three month's price action can be identified as a rising channel. Price is trying to remain inside the trend channel and so far the price remained above the 200-day average. Uptrend is intact. The 200-day moving average is forming support at 73.7 levels. Breakdown below the lower boundary of possible trend channel can result in a pullback towards the 200-day average at 73.7 levels. Volatility is low and we can expect another trend period soon. If it is a correction with the breakdown of the trend channel, it should develop fast, towards 73.7 levels. Pre-pandemic high stands at 82 levels, which is the next important resistance.

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GLOBAL EQUITY MARKETS – August 8, 2020

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) cleared its short-term consolidation on the upside. Last three month's price action can be identified as a rising channel. Price is trying to remain inside the trend channel and so far the price remained above the 200-day average. Uptrend is intact. The 200-day moving average is forming support at 73.3 levels. Breakdown below the lower boundary of possible trend channel can result in a pullback towards the 200-day average at 73.3 levels. Volatility is low and we can expect another trend period soon. If it is a correction with the breakdown of the trend channel, it should develop fast, towards 73.3 levels. Pre-pandemic high stands at 82 levels, which is the next important resistance.

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GLOBAL EQUITY MARKETS – August 1, 2020 (REVIEW SECTION)

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is consolidating near its minor high at 77.4 levels. Last three month's price action can be identified as a rising channel. Price is trying to remain inside the trend channel and so far the price remained above the 200-day average. 77.4 levels acted as short-term resistance. Uptrend is intact. The 200-day moving average is forming support at 73.1 levels. Breakdown below the lower boundary of possible trend channel can result in a pullback towards the 200-day average at 73.1 levels. Volatility is low and we can expect another trend period soon. If it is a correction with the breakdown of the trend channel, it should develop fast, towards 73.1 levels. Pre-pandemic high stands at 82 levels, which is the next important resistance.

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GLOBAL EQUITY MARKETS – August 1, 2020 (ALERTS & WATCHLIST)

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Dear Tech Charts Members,

Due to several reasons (size, end of month expanded review including more markets etc.) this week's report will be sent out in two separate communications. Below includes the Breakout Alerts and Watchlist. Later in the day I will send out a comprehensive review of Global Markets. An e-mail will be sent out once the Review section of the report is uploaded to website.

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