CRYPTOCURRENCIES – June 19, 2022
This is a quick update on the status of the major cryptocurrencies BTCUSD and ETHUSD. Both pairs have experienced major breakdowns. Question is: have we seen the bottoms on these two charts? I will issue a separate, detailed report on altcoins during the week.
GLOBAL EQUITY MARKETS – June 18, 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 failed to hold above 85.4 levels. The 200-day average is currently at 96.6 levels. Global equities are in a downtrend. There are strong resistances ahead. I continue to monitor the ETF for a reversal chart pattern. Too early to call for a bottom reversal at this point. 85.4 becomes the new resistance.
Read More
GLOBAL EQUITY MARKETS – June 11, 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 failed to hold above 91.7 levels. The 200-day average is currently at 97.1 levels. Global equities are in a downtrend. There are strong resistances ahead. I continue to monitor the ETF for a reversal chart pattern. Too early to call for a bottom reversal at this point. Short-term support stands at 85.4 levels.
Read More
