GLOBAL EQUITY MARKETS – February 5, 2022
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is looking for direction around the 200-day average. The ETF recovered above 99 levels but still hasn't settled above the 200-day average. Latest price action changed my positive view on this ETF. 99-101.2 is the new resistance. Unless we see a quick recovery above this resistance area, I will expect lower prices in the coming weeks.
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GLOBAL EQUITY MARKETS – January 29, 2022
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) not only breached the 200-day average but also broke down the horizontal support at 99 levels. Latest price action changed my positive view on this ETF. 99-101.2 area becomes the resistance. Unless we see a quick recovery above this resistance area, I will expect lower prices in the coming weeks.
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GLOBAL EQUITY MARKETS – January 22, 2022
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is in an uptrend. The ETF found resistance at the minor high at 107.5. Friday's price action breached the 200-day average but still remains above the horizontal support at 99 levels. Breakdown below 99 will change my positive view on this ETF. I will monitor ACWI ETF in the following week to see if price will quickly recover above the 200-day average and remain in trading range between 99 and 107.5. Note; price is resting above the upper boundary of the trend channel on weekly scale price chart. Breakdown can result in a lager scale correction.
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