GLOBAL EQUITY MARKETS – May 15, 2021
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is resuming its uptrend after possibly completing a pullback to the symmetrical triangle. The upper boundary of a possible symmetrical triangle was breached at 95.9 levels. This week's price action was a pullback to the minor high of the symmetrical triangle. 95.9 will act as support. Symmetrical triangle price target stands at 102.7 levels.
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