GLOBAL EQUITY MARKETS – March 19, 2022
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) continues to remain below the 200-day average. Past few days rebound has been strong and pushed the ETF towards the strong resistance area between 99 and 100.1. To get bullish on Global Equities, I want to see the ETF clearing the 200-day average and settling above it. Until that happens I will view this as a counter trend rebound. Last 3 months trend has been downwards with clear lower lows and lower highs.
