GLOBAL EQUITY MARKETS – May 6, 2023

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is looking for direction. After the 4th test of the strong horizontal resistance at 93.3 levels price pulled back to the 200-day average and rebounded. The last pullback can be the handle of a 3 month-long cup & handle continuation chart pattern that can increase the bullish conviction of the larger scale H&S bottom chart pattern. Breakout above 93.3 levels will be very positive for Global equities. The short-term range is between the 200-day average and the horizontal resistance at 93.3 levels. Cup with handle price target stands at 101 and the larger scale H&S bottom reversal price target is at 109 levels.

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CRYPTOCURRENCIES – April 30, 2023

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Several altcoins are still in well-defined consolidations. BTC and ETH volatile but trends are intact.

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ISHARES MSCI ALL COUNTRY WORLD INDEX ETF (ACWI.O)

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Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s, select commodities, cryptocurrencies and global equity indices. Below chart is from the review section of the weekly report. It is featuring a head and shoulder bottom reversal and a cup with handle continuation pattern on the iShares MSCI All Country World Index ETF (ACWI.O).

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GLOBAL EQUITY MARKETS – April 29, 2023

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is looking for direction. After the 4th test of the strong horizontal resistance at 93.3 levels price pulled back to the 200-day average and rebounded. The last pullback can be the handle of a 3 month-long cup & handle continuation chart pattern that can increase the bullish conviction of the larger scale H&S bottom chart pattern. Breakout above 93.3 levels will be very positive for Global equities. The short-term range is between the 200-day average and the horizontal resistance at 93.3 levels.

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GOLD ($/ounce)

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Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s, select commodities, cryptocurrencies and global equity indices. Below charts are from the review section of the weekly report. It is featuring a rectangle chart pattern on Gold ($/ounce).

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GLOBAL EQUITY MARKETS – April 22, 2023

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is looking for direction. So far price action has been volatile around the 200-day average. This week is the 4th test of the strong horizontal resistance at 93.3 levels. If the ETF pulls back to the 200-day average once again, it might form a short-term cup & handle that can increase the bullish conviction of the chart pattern. Breakout above 93.3 levels will be very positive for Global equities. The short-term range is between the 200-day average and the horizontal resistance at 93.3 levels.

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CRYPTOCURRENCIES – April 16, 2023

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Several altcoins are still in well-defined consolidations. BTC and ETH trend towards price objectives.

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GLOBAL EQUITY MARKETS – April 15, 2023

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is looking for direction. So far price action has been volatile around the 200-day average. After last week’s strong rally above the 200-day average, I started weighing the possibility of a large scale H&S bottom reversal with the neckline standing at 93.3 levels. This week is the 4th test of the strong horizontal resistance at 93.3 levels. If the ETF pulls back to the 200-day average once again, it might form a short-term cup & handle that can increase the bullish conviction of the chart pattern.

 

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GLOBAL EQUITY MARKETS – April 8, 2023

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is looking for direction. So far price action has been volatile around the 200-day average. After last week’s strong rally above the 200-day average, I started weighing the possibility of a large scale H&S bottom reversal with the neckline standing at 93.3 levels. The ETF might be completing the right shoulder of a multi-month long H&S bottom reversal. There has been several tests of the horizontal resistance at 93.3 levels.

 

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ISHARES 20 YEAR TREASURY BOND ETF (TLT.O)

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Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s, select commodities, cryptocurrencies and global equity indices. Below chart is from the watchlist section of the weekly report. It is featuring a rectangle chart pattern on The iShares 20+ Year Treasury Bond ETF.

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