Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the review section iShares MSCI Emerging Markets Index ETF (EEM) and iShares Frontier 100 Index ETF (FM), listed on the New York Stock Exchange.

The benchmark for the Emerging Markets performance, the iShares MSCI Emerging Markets Index ETF (EEM) is consolidating around the 200-day average possibly forming a larger scale bottom reversal chart pattern. If the ETF is forming a complex H&S bottom, price should find support between 40-41 area to form the right shoulder of a H&S bottom. I will monitor this ETF for another attempt to stabilize above the long-term average. I consider price action that manages to stabilize above the 200-day average an uptrend and review that chart with a bullish perspective.

Similar to ACWI and EEM, the benchmark for the Frontier Markets performance, the iShares MSCI Frontier 100 ETF (FM) reversed from its long-term average, possibly in an attempt to form the right shoulder of a larger scale bottom reversal. If the ETF (still at early stages) is forming a H&S bottom, the right shoulder should find support around 27-27.5 area.

Tech Charts Membership

By becoming a Premium Member, you’ll be able to improve your knowledge of the principles of classical charting.

With this knowledge, you can merge them with your investing system. In fact, some investors use my analyses to modify their existing style to invest more efficiently and successfully.

Get Access Now

As a Premium Member of Aksel Kibar’s Tech Charts,

You will receive:

  • Global Equities Report. Delivered weekly.
  • Classical charting principles. Learn patterns and setups.
  • Actionable information. Worldwide indices and stocks of interest.
  • Risk management advice. The important trading points of each chart.
  • Information on breakout opportunities. Identify the ones you want to take action on.
  • Video tutorials. How patterns form and why they succeed or fail.
  • Watch list alerts. As they become available so you can act quickly.
  • Breakout alerts. Usually once a week.
  • Access to everything (now and as it becomes available)
    o Reports
    o Videos and video series
  • Multi-part webinar course. You learn the 8 most common charting principles.
  • Webinars. Actionable and timely advice on breaking out chart patterns.

For your convenience your membership auto renews each year.

Get Access Now