GLOBAL EQUITY MARKETS – September 17, 2022
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) remains below its 200-day average which is acting as resistance at 92.3 levels. I've been discussing the possibility of a higher low and a H&S bottom reversal. With right shoulder becoming more and more extended towards the low at 81.4 levels, the probability of a H&S bottom has reduced. We have a wide trading range between 81.4 and 92.3 levels. Chart pattern is possibly morphing. Short-term support is at 81.4 levels.
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CRYPTOCURRENCIES – September 11, 2022
I'm seeing better defined setups in altcoins than BTC and ETH in the cryptocurrencies. Those altcoins can offer breakouts/breakdowns that can offer trend periods in the coming weeks. In this report we review those setups and the levels for breakouts. Read More
GLOBAL EQUITY MARKETS – September 10, 2022
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) remains below its 200-day average which is acting as resistance at 92.5 levels. I've been discussing the possibility of a higher low and a H&S bottom reversal. For that pattern to become better defined, the right shoulder low must be already in and price needs to rally towards the neckline around 92.7 levels. Failure to do so in the following days can resume the downtrend below the long-term average. We have a wide trading range between 81.4 and 92.5 levels.
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