GLOBAL EQUITY MARKETS – July 16, 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. Price tested the previous low at 81.4 levels during the week. The lows held and the ETF rebounded. It's long shot and can be early to call for this but I will focus on the possibility of a short-term double bottom. For that I would like to see a sharp rally towards 87 levels in the following week. Failure to hold above 81.4 can resume the existing downtrend.
Read More
CRYPTOCURRENCIES – July 10, 2022
Rebounds that started in mid-June hasn't been strong enough to form bottom reversals and result in a larger scale uptrends. At least this is what I can say with the price action so far. Charts below cover those altcoins that risk breaking to new lows if we continue to see weakness and re-test of minor lows.
GLOBAL EQUITY MARKETS – July 9, 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. The ETF is trying to recover above the minor low at 85.4 levels. Though this is so far more like a rebound in a downtrend. ACWI ETF has many resistances ahead. There is no bottom reversal chart pattern on daily and weekly scale price charts. During a rebound, ACWI ETF can fill the gaps around 88 levels.
Read More
