GLOBAL EQUITY MARKETS – December 28, 2024

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is pulling back to strong support area between 114.39 and 116.7. The lower boundary of the upward sloping channel at 120 levels broke down with gap opening. While the uptrend is intact and the ETF is above the 200-day average, price action can remain weak and volatile in the short-term. Several technical support levels are overlapping between 114.39 and 116.7 area. One possibility is the developing and completion of the H&S top if the support area is broken down. So the pullback can be analyzed as a reversion to the mean (the 200-day average).

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CRYPTOCURRENCIES – December 22, 2024

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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.  ETHUSD breaks the upper boundary of its short-term consolidation at 2,800 levels and pushes above the year-long average though still hasn’t cleared the 4,000 levels.
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GLOBAL EQUITY MARKETS – December 21, 2024

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is pulling back to strong support area between 114.18 and 116.7. The lower boundary of the upward sloping channel at 120 levels broke down with gap openings. While the uptrend is intact and the ETF is above the 200-day average, price action can remain weak and volatile in the short-term.

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GLOBAL EQUITY MARKETS – December 14, 2024

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) cleared the horizontal resistance at 116.7 levels and possibly completed a 2 month-long cup & handle continuation with a price target of 128 levels. Strong support area for ACWI ETF is between 113.93 and 116.7. Short-term support is the lower boundary of the upward sloping channel at 120 levels. Uptrend is intact. The ETF continues to remain in a rising trend channel with higher highs and higher lows. Breakout above the minor high at 121.85 is resuming the uptrend towards the cup & handle price objective.

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YTD 2024 review with a focus on H&S continuation and Rectangles December – December 2024 Tech Charts Member Webinar

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YTD 2024 review with a focus on H&S continuation and Rectangles December – December 2024 Tech Charts Member Webinar

Webinar Outline

  • Review of chart pattern statistics and discussion on chart pattern reliability covering the YTD numbers and 7-year historical stats 3:16
  • Rectangle and H&S continuation chart patterns in focus
  • Review of global equity markets and latest opportunities
  • Review of opportunities in the cryptocurrency markets
  • How to navigate the website 34:17
  • Markets of Interest 45:59
  • Q&A (questions that were submitted before the webinar) 1:02:54
    • How to apply trailing stop-loss in a breakout 1:17:08

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CRYPTOCURRENCIES – December 8, 2024

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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. November’s strong monthly close was a long-term bullish signal.  ETHUSD breaks the upper boundary of its short-term consolidation at 2,800 levels and pushes above the year-long average though still hasn’t cleared the 4,000 levels.
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GLOBAL EQUITY MARKETS – December 7, 2024

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) cleared the horizontal resistance at 116.7 levels and possibly completed a 2 month-long cup & handle continuation with a price target of 128 levels. Strong support area for ACWI ETF is between 113.50 and 116.7. Short-term support is the horizontal pattern boundary at 116.7 levels. Uptrend is intact. The ETF continues to remain in a rising trend channel with higher highs and higher lows. Breakout above the minor high at 121.85 is resuming the uptrend towards the cup & handle price objective.

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INTRODUCING TECH CHARTS BREAKOUT ROOMS

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Live Webinar and Q&A with Aksel – Thursday, December 5, 2024, 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 7 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. We discuss specifically rectangle and H&S continuation chart patterns and how to take advantage of breakouts.

Scheduled for: Thursday, December 5, 8:30 am Mountain (register below)

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GLOBAL EQUITY MARKETS – November 30, 2024

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) cleared the horizontal resistance at 116.7 levels and possibly completed a 2 month-long cup & handle continuation with a price target of 128 levels. Strong support area for ACWI ETF is between 113 and 116.7. Short-term support is the horizontal pattern boundary at 116.7 levels. Uptrend is intact. The ETF continues to remain sideways above the horizontal support at 116.7 levels. Breakout above the minor high at 121.85 can resume the uptrend towards the cup & handle price objective.

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