GLOBAL EQUITY MARKETS – September 16, 2017
REVIEW
Global equity markets continue to remain in a steady uptrend. iShares MSCI All Country World Index, a benchmark for global equity market performance, continued to hold above its multi month-long upward trend line. The minor low and the upward sloping trend line are forming support at 66.15 levels. Uptrend is intact.
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Factor & Tech Charts Member Webinar – Thursday, September 21st at 11am Mountain
Thursday, September 21st at 11:00 am MST
Members of the Factor and/or Tech Charts Service join us for our first joint webinar with Peter Brandt and Aksel Kibar. Peter and Aksel will give examples of major chart patterns. They will discuss current trades that performed well and showcased classical charting patterns. Peter and Aksel will also discuss any current developing trades. As time allows we’ll end with member questions.
GLOBAL EQUITY MARKETS – September 9, 2017
REVIEW
I am not sure if Volatility index can be analyzed from a classical charting perspective but over the past few months, the VIX futures and since 2016, the CBOE Volatility Index respected important support/resistance levels. Irrespective of the headlines related to geopolitical tensions, the three different continuation future price charts of the Volatility Index (Oct, Nov, Dec) are showing signs of multi-month bottoming process. The importance of 15-16 area as a resistance can be seen on the Volatility Index and the VIX futures price charts. Last one month's price action arguably formed tight consolidations in the form of a pennant/symmetrical triangle below the important horizontal resistance. I think we should keep a close eye on these charts in the coming weeks. Completion of the month-long tight consolidation range can result in a breakout above the strong resistance area between 15 and 16 levels.
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