GLOBAL EQUITY MARKETS – November 20, 2021
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is in an uptrend. There is no reversal chart pattern on the daily scale price chart. This week's price consolidated and remained above the short-term support level at 105.5. Breakout above 105.5 levels resumed the existing uptrend. Previous resistance becomes the new support at 105.5 levels. Long-term average is also acting as support at 99.7 levels. Failure to hold above 105.5 levels can result in a failed breakout and pull the price towards the long-term average.
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Rectangle – Trading Range-Bound Price Action
GLOBAL EQUITY MARKETS – November 13, 2021
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is in an uptrend. There is no reversal chart pattern on the daily scale price chart. This week's price action pulled back and rebounded from the short-term support level at 105.5. Breakout above 105.5 levels resumed the existing uptrend. Previous resistance becomes the new support at 105.5 levels. Long-term average is also acting as support at 99.4 levels.
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