GLOBAL EQUITY MARKETS – October 26, 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 111.17 and 116.7. Short-term support is the horizontal pattern boundary at 116.7 levels. Uptrend is intact. The ETF can experience short-term setbacks. Failure to hold above the horizontal support can result in a sharp correction towards the 200-day average.
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GLOBAL EQUITY MARKETS – October 19, 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 110.45 and 110.27 Short-term support is the horizontal pattern boundary at 116.7 levels. Uptrend is intact. The ETF can experience short-term setbacks.
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CRYPTOCURRENCIES – October 13, 2024
BTCUSD holding the year-long (52 week) average. Price is still above the year-long average and should be considered to be in an uptrend. A re-test of 73.7K will be very bullish for the pair. ETHUSD is having difficulty below its support at 2,800 levels. ETHBTC slipped below support at 0.05 levels. Breakdown below the horizontal support is resulting in ETH underperformance. Read More
