REVIEW

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) experienced a sharp pullback to its long-term average and a similar rebound. So far the price action can be analyzed as a steady uptrend. Short-term corrections and consolidations are part of any strong uptrend and should be expected with this ETF as well.  Stability above the 200-day average can result in a drop in volatility and offer long entry conditions with better defined chart patterns. Many benchmarks tested their 200-day averages. Stocks or indices that hold well in such environment will be the first ones to resume higher when momentum returns. Strong support area for ACWI ETF is between 110.45 and 107.4. Short-term resistance area is between 114.7 and 116.7. It has been a steep rebound and the ETF might consolidate last 2 week’s gains. Friday’s close is not a confirmed breakout to new highs. I see it as a violation of previous high.

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REVIEW

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) experienced a sharp pullback to its long-term average and rebounded. So far the price action can be analyzed as a reversion to the mean. Short-term corrections and consolidations are part of any strong uptrend and should be expected with this ETF as well. Volatility in Global Equities picked up. Stability above the 200-day average can result in a drop in volatility and offer long entry conditions with better defined chart patterns. Many benchmarks tested their 200-day averages. Stocks or indices that hold well in such environment will be the first ones to resume higher when momentum returns. Strong support area for ACWI ETF is between 110.45 and 106.96. Short-term resistance area is between 114.7 and 116.7. It has been a steep rebound and the ETF might consolidate last 2 week’s gains.

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BTCUSD quickly recovered above 60K. Emphasizing the importance of focusing on the longer-term uptrend. Price is still above the year-long average and should be considered to be in an uptrend. ETHUSD re-tests the support at 2,800 levels. Possible rectangle with both boundaries well-defined. ETHBTC chart is challenging strong support area. While the long-term trading range remains between 0.05 and 0.08 levels, breakdown below the horizontal support can result in ETH underperformance.
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REVIEW

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is clearly above its long-term average and resuming the steady uptrend. Strong support area is between 110.45 and 112.6 levels. Short-term corrections and consolidations are part of any strong uptrend and should be expected with this ETF as well. Larger-scale correction can target the 200-day average around 106.25 levels. This week’s sharp pullback found support between 110.45-112.6 area.

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BTCUSD quickly recovered above 60K. Emphasizing the importance of focusing on the longer-term uptrend. Price is still above the year-long average and should be considered to be in an uptrend. ETHUSD re-tests the support at 2,800 levels. Possible rectangle with both boundaries well-defined. ETHBTC chart rebounded from strong support area. Strong monthly close in May kept the trading range between 0.05 and 0.08 levels.
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