GLOBAL EQUITY MARKETS – February 10, 2024
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) 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 now followed by completion of a possible bullish flag. Larger scale H&S pattern price target for the ETF stands at 109 levels. The upper boundary of the flag at 102.3 will act as short-term support during any pullback.