ATR Trailing Stop-Loss – H&S Top

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GLOBAL EQUITY MARKETS – December 15, 2018

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Announcement:

Dear Tech Charts members,

We have included a new feature to Tech Charts website. At the bottom of each report we have incorporated comment platform DISQUS. Previous comment platform was not allowing members to post charts and have discussions. With this improvement, I hope to have detailed discussions with our members and possibly post breakout alerts related to each week's report. I also hope that Tech Charts members will be able to interact with each other through the DISQUS platform (at the bottom of each weekly report) to share their knowledge on different instruments available to take advantage of breakout opportunities. I hope we will all benefit from this new feature.

REVIEW

Global equity markets performance as measured by the iShares MSCI All Country World Index ETF (ACWI.O), formed a new trading range between 66.3 and 71.3 levels. Over the past 3 months the ETF has been consolidating in a wide range below its long-term (200-day) average. Breakdown of the wide 3 month-long consolidation can send the ETF towards the next support level at 63. If the ETF manages to hold above the support at 66.3 levels, we can expect further consolidation between 66.3 and 71.2.

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GLOBAL EQUITY MARKETS – December 8, 2018

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Announcement: Dear Tech Charts members, We have included a new feature to Tech Charts website. At the bottom of each report we have incorporated comment platform DISQUS. Previous comment platform was not allowing members to post charts and have discussions. With this improvement, I hope to have detailed discussions with our members and possibly post breakout alerts related to each week's report. I also hope that Tech Charts members will be able to interact with each other through the DISQUS platform (at the bottom of each weekly report) to share their knowledge on different instruments available to take advantage of breakout opportunities. I hope we will all benefit from this new feature.

REVIEW

Global equity markets performance as measured by the iShares MSCI All Country World Index ETF (ACWI.O) reversed from its long-term moving average resistance at 71.3 levels. In the beginning of October the index broke down its 7 month-long consolidation and the 200-day moving average. Since then the ETF has challenged the strong resistance area between 71 and 71.5 levels but failed to breach higher. This week's sell-off pulled the ACWI ETF towards the minor support at 66.5 levels. Failure to hold above the short-term support can send the index to the next level at 63 levels. The iShares MSCI All Country World Index ETF is trading below its long-term average and is in a downtrend.

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GLOBAL EQUITY MARKETS – December 1, 2018

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REVIEW

The iShares MSCI All Country World Index ETF (ACWI.O) continues to consolidate below its long-term average at 71.4 levels. 71-71.4 area will act as strong resistance for the Global equity benchmark. Over the past few months the ETF has been consolidating in a wide range between 66.5 and 71 levels. I use the 200-day moving average as a trend filter. Price action below the long-term average warns us of possible weakness (in the form of further choppy price action or continued downward momentum).

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GLOBAL EQUITY MARKETS – November 24, 2018

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REVIEW

The longer the price remains below the long-term averages the more established that downtrend will become. The benchmark for the Global Equity Markets performance, iShares MSCI All Country World Index ETF (ACWI.O) broke down the lower boundary of its multi-month long consolidation and its long-term average around same time. Sharp sell-off was followed by a pullback to the chart pattern boundary. This week's price action resumed the downtrend. The minor low around October lows (66) will act as short-term support. Breakdown below the October lows can send the ACWI ETF towards the next support level at 63 levels. Strong resistance area remains between 71 and 71.5 levels. Until we see a recovery above the resistance area (71-71.5), we will expect the weakness to resume in the Global Equity Markets.

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GLOBAL EQUITY MARKETS – November 17, 2018

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REVIEW

The benchmark for the Global Equity Markets performance, iShares MSCI All Country World Index ETF (ACWI.O) is trading below its long-term (200-day) average. Last one month's price action formed choppy and sideways consolidation. Earlier the ACWI ETF broke down its multi-month-long consolidation and ended a low volatility period. Volatility is cyclical. Low volatility begets high volatility and vice versa. Currently the ETF is consolidating its earlier sharp price decline from 75 to 66 levels. Strong resistance area is between 71 and 71.6 levels. Long-term support stands at 63 levels.

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GLOBAL EQUITY MARKETS – November 10, 2018

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REVIEW

The iShares MSCI All Country World Index ETF (ACWI.O) found resistance at the long-term 200-day (40-week) moving average. Last two week's price action can be a pullback to the broken support levels between 71 and 71.8. Until I see a recovery above the 200-day average, I will expect the choppy downward price action to resume. Global equities are likely to move in a wide trading range in the following weeks. Strong resistance area stands between 71 and 71.8 levels.

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GLOBAL EQUITY MARKETS – November 3, 2018

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REVIEW

Strong rebound on the iShares MSCI All Country World Index ETF pulled the price back to February lows. Strong resistance area stands between 70 and 71.8 levels. After a sharp drop and increase in volatility, we should expect more choppy price action resulting in a short-term consolidation. There is no chart pattern development that would suggest a short-term bottom at this stage. The ACWI ETF is trading below its long-term average.

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GLOBAL EQUITY MARKETS – October 27, 2018

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REVIEW

The benchmark for Global equity markets performance, iShares MSCI All Country World Index ETF (ACWI.O) broke down its February lows with a long weekly candle. The ACWI ETF is now clearly below its long-term 200-day moving average. February low at 69.7 levels will become the new strong resistance. Next support area for the ACWI ETF is between 63 and 65. In the short-term the daily chart needs to form some sort of a reversal chart pattern to conclude that the downtrend is over. The iShares MSCI All Country World Index ETF (ACWI.O) is in a downtrend.

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