GLOBAL EQUITY MARKETS – December 21, 2024
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is pulling back to strong support area between 114.18 and 116.7. The lower boundary of the upward sloping channel at 120 levels broke down with gap openings. While the uptrend is intact and the ETF is above the 200-day average, price action can remain weak and volatile in the short-term.
Read More
GLOBAL EQUITY MARKETS – December 14, 2024
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) cleared the horizontal resistance at 116.7 levels and possibly completed a 2 month-long cup & handle continuation with a price target of 128 levels. Strong support area for ACWI ETF is between 113.93 and 116.7. Short-term support is the lower boundary of the upward sloping channel at 120 levels. Uptrend is intact. The ETF continues to remain in a rising trend channel with higher highs and higher lows. Breakout above the minor high at 121.85 is resuming the uptrend towards the cup & handle price objective.
Read More
YTD 2024 review with a focus on H&S continuation and Rectangles December – December 2024 Tech Charts Member Webinar
YTD 2024 review with a focus on H&S continuation and Rectangles December - December 2024 Tech Charts Member Webinar
Webinar Outline- Review of chart pattern statistics and discussion on chart pattern reliability covering the YTD numbers and 7-year historical stats 3:16
- Rectangle and H&S continuation chart patterns in focus
- Review of global equity markets and latest opportunities
- Review of opportunities in the cryptocurrency markets
- How to navigate the website 34:17
- Markets of Interest 45:59
- Q&A (questions that were submitted before the webinar) 1:02:54
- How to apply trailing stop-loss in a breakout 1:17:08
