INTERIM UPDATE – September 16, 2024
I'm adding two breakout setups to the watchlist. I came across those opportunities during the weekend review and I think they are more likely to breakout during the week. I will discuss those in the upcoming report as well. Read More
CRYPTOCURRENCIES – September 15, 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. ETHUSD is having difficulty below its support at 2,800 levels. Breakdown below the horizontal support resulted in a sharp correction towards 2,000 levels. ETHBTC slipped below support at 0.05 levels. Breakdown below the horizontal support is resulting in ETH underperformance. Read More
GLOBAL EQUITY MARKETS – September 14, 2024
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is trying to stabilize above the 200-day average and this is resulting in a drop in volatility. A long entry condition can develop with better defined chart pattern such as the cup & handle continuation labelled on the chart. Breakout above 116.7 levels can complete 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 108.40. Higher low above the 200-day average should be analyzed as a bullish setup.
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