GLOBAL EQUITY MARKETS – February 22, 2020
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) found resistance at the minor high at 81.4 levels. The high at 81.4 is not yet broken on the upside and we can still see further sideways consolidation between 77.5 and 81.4. The 200-day moving average is still far from the price at 76.45 levels. Without much interpretation, we can conclude that the chart of of ACWI ETF is showing a clear uptrend. During pullbacks 76.45-77.5 area will act as support.





