GLOBAL EQUITY MARKETS – May 31, 2025
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) did a round trip after the sharp sell-off and reached its all-time highs around 124 levels. The fact that the ETF cleared its 200-day average and moved significantly above it can be analyzed long-term positive as pullbacks and consolidations are likely to find support above the 200-day. I will monitor the ETF to see if it will stabilize above the long-term average in preparation of resuming higher. This can be the short breather after the ETF had a strong rebound. During the consolidation the ETF can form a possible H&S pattern with the neckline at 124 levels. 117.12-120 area will act as support during pullback. Outlook is positive for Global Equities.
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Tech Charts Year in Review with Aksel – Thursday, May 29th, 830 am mountain
- A study on Chart Pattern Reliability with the available sample data over the past year.
- Statistically significant and reliable top 3 chart patterns, rectangle, ascending triangle and H&S continuation will be under review.
- Detailed statistics on different types of breakouts.
- The impact of different market cycles on chart pattern opportunities.
- Live Q&A
CRYPTOCURRENCIES – May 25, 2025
BTCUSD tests the 109K horizontal resistance. Short consolidation below the resistance can form another bullish continuation chart pattern with potential higher price objectives. ETH starts outperforming BTC in the short-term.
