REVIEW

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is trading well above its 200-day average at 141.60. Price cleared the bullish flag with a gap opening. 148.8-151.4 area becomes the short-term support. Uptrend resumes as the short-term consolidation acts as bullish continuation. The gap above 151.4 was filled during short-term weakness. There is no top reversal chart pattern on daily scale price chart. 

 

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REVIEW

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) recovered above its 200-day average at 140.92. Horizontal support at 136 levels held. 148.8-140.92 area continues to act as support. Price cleared the 148.8 resistance with a gap last weeks and held above the highs forming a short-term bullish flag. 148.8-151.4 area becomes the short-term support. Uptrend resumes as the short-term consolidation acts as bullish continuation. The gap above 151.4 levels can get filled during short-term weakness. 

 

 

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BTCUSD forms a short-term rising channel with resistance at its year-long average. ETH/BTC in a downtrend channel. Trend is once again favoring BTC over ETH. Short-term consolidation on alt coins looking for directional move. 

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After reviewing several daily end of day charts and weekly charts from the weekend research, these opportunities from Global Equities are worth bringing to your attention as they get closer to breakout levels and can confirm chart pattern setups before the week finalizes. These charts will be discussed in the weekend report as well.

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BTCUSD forms a short-term rising channel with resistance area between 72K-76.5K still intact. ETH/BTC bottom reversal did not succeed so far. Trend is once again favoring BTC over ETH. Short-term consolidation on many pairs can become bearish continuations. 

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