GLOBAL EQUITY MARKETS – December 16, 2023
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) cleared both minor resistances at 97.4 and 99.5 levels. The ETF is clearly above its 200-day average and in a steady uptrend. Long-term H&S bottom price target stands at 109 levels. Breakout above 99.5 levels is resuming the uptrend towards the H&S bottom price target at 109 levels. During any pullback 99.5 levels can act as short-term support.
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