CRYPTOCURRENCIES – November 12, 2023
BTCUSD reaches rectangle price target at 38K. Uptrend remains intact. ETHUSD chart is might be forming a rising wedge with the upper boundary acting at resistance at 2260 levels. ETHUSD also has a channel price target at 2260 levels, an inflection point. Read More
GLOBAL EQUITY MARKETS – November 11, 2023
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. The gap around 93 levels is filled. There is a wider gap below the 200-day average that might get filled. With the recovery above the 200-day average, I start monitoring the chart with a bullish perspective. One possibility is that the ETF can pullback to fill the larger gap and form the right shoulder of a short-term bottom reversal. The ETF can resume higher without any pullback. In that case I will continue to take breakout signals on single equities.
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INTERIM UPDATE – November 10, 2023
During the daily charts review I came across those text-book opportunities which I think are time sensitive and fresh opportunities as breakdown candidates. Below are the latest additions to Tech Charts watchlist. These charts will also be included in the weekly update. I also plan to add more ideas to the watchlist in the upcoming Global Equity Markets report (scheduled for 11/11/2023).
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