INTERIM UPDATE – February 1, 2023
I start my research on Mondays and finalize by end of day Thursday. Friday is dedicated to putting all ideas to the report format. During the week I come across good setups and those are featured in the weekly report. However, there are those that pop during the week and is worth bringing to your attention before the week finalizes. Below are the latest additions to Tech Charts watchlist. These charts will also be included in the weekly update.
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GLOBAL EQUITY MARKETS – January 28, 2023
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) cleared its short-term horizontal resistance (90.1) after holding above the 200-day average. 90.1 acted as the possible neckline of a H&S continuation. Breakout above the horizontal resistance can resume the uptrend above the long-term average. It is important for the equity benchmark to hold above its 200-day average at 88.2 levels. H&S continuation price target stands at 96 levels.
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CRYPTOCURRENCIES – January 22, 2023
Rectangles are acting as bottom reversals and helping many crypto pairs to rebound from oversold levels. There are more setups and developing chart patterns. I discuss those in this week's special cryptocurrency report.
