GLOBAL EQUITY MARKETS – September 21, 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 108.83. Short-term support is the horizontal pattern boundary at 116.7 levels.
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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
