GLOBAL EQUITY MARKETS – May 23, 2020
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is trading below its 200-day moving average that is acting as resistance at 71.7 levels. The ETF recovered 62% of the decline that started in February. Last one month's price action can be identified as a rising channel. Price can remain inside the trend channel. There is a gap opening between 69.2 and 67.8 levels which can be filled during a possible pullback.
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Tech Charts Year in Review with Aksel – Thursday, May 21, 830 am mountain
Dear Tech Charts Members,
Tech Charts Year in Review. Aksel will compare the before and after of charts shared with Members over the last year. As always, we'll end the webinar with a live Q&A.
Scheduled for: Thursday, May 21, 2020, at 8:30 am mountain (register below)
Tech Charts Year in Review – Year Three
- A study on Chart Pattern Reliability with the available sample data over the past year
- Chart patterns with horizontal boundaries have been more reliable compared with breakouts from chart patterns with diagonal boundaries
- Long-term trends impact the number of bullish and bearish chart pattern setups and breakout opportunities
- H&S tops, H&S bottoms and descending triangles have been reliable with breakouts from well-defined horizontal boundaries
- Developing breakout opportunities
- Live Q&A
GLOBAL EQUITY MARKETS – May 16, 2020
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is possibly forming a short-term consolidation after its strong rebound from the March lows. The ETF recovered close to 62% of the decline that started in February. Price came close to its 200-day moving average which is now at 71.7 levels. The ETF is in a downtrend below the 200-day average.
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