GLOBAL EQUITY MARKETS – January 21, 2023
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is trying to hold above its long-term 200-day average. 90.1 acted as short-term resistance. 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 levels.
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GLOBAL EQUITY MARKETS – January 14, 2023
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is trying to reverse above its long-term 200-day average. 88-90.1 area will act as short-term resistance. Breakout above this area will possibly reverse the existing downtrend. Recovery above the long-term average will signal a new uptrend for Global Equities. I still want to see few more daily closes above the 200-day and a stability above the average.
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CRYPTOCURRENCIES – January 8, 2023
Several pairs resumed their downtrends in 2022. Steady downtrends came to a pause over the past 2 months. Question is: would these few months of sideways consolidations act as a bottom reversal or continuation of the existing downtrends? Below are some new chart pattern setups with their important technical levels.
