Live Webinar and Q&A with Aksel – Thursday, April 18, 8:30am mountain
Dear Tech Charts Members,
We are continuing our Member webinar series with inverse H&S chart pattern that acts as a bottom reversal and also as a continuation. Over the past few weeks Global equity markets report identified some well-defined and mature H&S bottom reversals and H&S continuation chart patterns. I hope to highlight differences between these two types of bullish chart patterns and discuss how they develop in the general context of overall price action.
Scheduled for: Thursday, April 18 at 8:30am MST (register below)
The upcoming webinar is dedicated to a thorough discussion on inverse head and shoulder (reversal) and bullish H&S continuation.
- We will review some of those chart pattern breakouts that were featured in the Global Equity Markets report.
- We will review some of the qualities we look for when identifying and differentiating H&S bottom and H&S continuation
- We will look at some of the developing bullish continuation chart patterns
- We will continue to highlight Tech Charts members favorite chart pattern setups in different equity markets. As always please feel free to send charts for discussion.
- We will have a member Q&A at the end of the webinar.
INTERIM UPDATE – April 11, 2019
A short-term bullish opportunity might be developing in Energy sector equities in Global markets. Last week's Global Equity Markets report featured SPDR S&P OIL & GAS EXPLORATION & PRODUCTION ETF (XOP). This interim update adds few more well-defined horizontal chart pattern setups that can resolve on the upside. Breakouts from these consolidations can add momentum to Energy related equities.
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GLOBAL EQUITY MARKETS – April 6, 2019
REVIEW
The benchmark for Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) continues to remain strong. The ETF had a strong rebound from support at 63 levels and since then the uptrend resumed without any significant setback. In February the ETF cleared its 200-day moving average and continues to trend above its long-term average. In the short-term horizontal resistance at 74.8 levels can act as an overhead supply. Strong support is the 200-day average at 70.3 levels.
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