GLOBAL EQUITY MARKETS – April 5, 2025

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) completed the consolidation as a double top with the latest breakdown below 115 levels. Double top price target was quickly met at 107.2 levels. Given the magnitude of the breakdown with a gap opening and closing at the lows of the week, we can expect the correction to extend beyond the price objective. A short-term support is at 105 levels. Further weakness can extend the correction towards 93.3 levels. 115-116.68 area becomes the new resistance. 

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INTERIM UPDATE – April 3, 2025

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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 up during the week and is worth bringing to your attention before the week finalizes. Below are the latest additions to Tech Charts watchlist that are suggesting defense in U.S. equities. Continued weakness in equities can result in specific sectors outperform. These additions can help on the long side.

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CRYPTOCURRENCIES – March 30, 2025

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BTCUSD cleared the horizontal resistance at 73.7K to new all-time highs. Clear breakout signal from the broadening pattern on weekly scale. Price is consolidating earlier gains. The weekly candle confirmed the breakdown below the consolidation range (91.2K-109K). Previous resistance at 73.7K becomes the new support. Previous support at 91.2K is the new resistance.
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GLOBAL EQUITY MARKETS – March 29, 2025

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) found support at the lower boundary and the 200-day average. Uptrend is intact in Global Equities. Failure to hold above 115 levels can complete the consolidation as a double top. The ETF is possibly looking for direction above the year-long average. If the developing pattern is a double top, the neckline at 115 levels will be the level to monitor for a breakdown confirmation. Stability above the year-long average can resume the sideways trading between 115 an 123.58 levels. Double top price target stands at 107.2 levels.

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Quarterly Review of Chart Pattern Reliability Numbers and Review of Global Markets – March 2025 Tech Charts Member Webinar

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Quarterly Review of Chart Pattern Reliability Numbers and Review of Global Markets – March 2025 Tech Charts Member Webinar

Webinar Outline

  • Review of chart pattern statistics and discussion on chart pattern reliability covering the YTD numbers and 8-Year historical stats
  • Examples on different Types of breakouts and discussion on managing those breakout alerts
  • Review of Global Equity & Commodity market trends
  • Live Q&A

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GLOBAL EQUITY MARKETS – March 22, 2025

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) found support at the lower boundary and the 200-day average. Uptrend is intact in Global Equities. Failure to hold above 115 levels can complete the consolidation as a double top. The ETF is possibly looking for direction above the year-long average. If the developing pattern is a double top, the neckline at 115 levels will be the level to monitor for a breakdown confirmation. Stability above the year-long average can resume the sideways trading between 115 an 123.58 levels.

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Live Webinar and Q&A with Aksel – Thursday, March 20th, 8:30 am Mountain

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Dear Tech Charts Members,

We continue our Member webinar series with chart pattern reliability statistics for the Year to Date and past 8 years. We plan to have an interactive and open discussion session to answer members’ questions on markets and specific charts of interest. Please send your charts and questions to aksel@techcharts.net, and I will add them to the webinar discussion points.

Scheduled for: Thursday, March 20th, 8:30 am Mountain (register below)

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CRYPTOCURRENCIES – March 16, 2025

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BTCUSD cleared the horizontal resistance at 73.7K to new all-time highs. Clear breakout signal from the broadening pattern on weekly scale. Price is consolidating earlier gains. The weekly candle confirmed the breakdown below the consolidation range (91.2K-109K). Previous resistance at 73.7K becomes the new support.
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GLOBAL EQUITY MARKETS – March 15, 2025

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) found support at the lower boundary and the 200-day average. Uptrend is intact in Global Equities. Failure to hold above 115 levels can completed the consolidation as a double top. The ETF is possibly looking for direction above the year-long average. If the developing pattern is a double top, the neckline at 115 levels will be the level to monitor for a breakdown confirmation. Stability above the year-long average can resume the sideways trading between 115 an 123.58 levels.

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BREAKOUT ROOM March 10, 2025 – LIVE MEETING, CHARTS Q&A (Recording)

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BREAKOUT ROOM March 10, 2025 – LIVE MEETING, CHARTS Q&A (Recording)

Meeting Outline

  • Q&A on charts of your interest

Tech Charts Members,

This is our first Breakout Room meeting to discuss chart of your interest. I will share my screen and will pull up chart of your request and review patterns and opportunities from the perspective of classical charting principles. Let’s give it a try and if we find it useful we will make it a recurring event. Meeting will be recorded and posted on member website.

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