GLOBAL EQUITY MARKETS – August 7, 2021
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) reached its price target measured by the symmetrical triangle. Last 3 month's price action was a choppy uptrend. The ETF is in an upward sloping channel. The lower boundary of the channel is forming support at 99.5 levels. Support area remains between 95 and 99.5 levels. There is no clear top reversal chart pattern on daily and weekly scale price charts. The ETF is close to the upper boundary of the trend channel on daily scale price chart.
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GLOBAL EQUITY MARKETS – July 31, 2021
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) reached its price target measured by the symmetrical triangle. Last 3 month's price action was a choppy uptrend. The ETF is in an upward sloping channel. The lower boundary of the channel is forming support at 100 levels. Support area remains between 94.4 and 100 levels. There is no clear top reversal chart pattern on daily and weekly scale price charts.
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INTERIM UPDATE (AMERICAS) – July 29, 2021
I start my research on Mondays and finalize by end of day Thursday. Friday is dedicated to putting all ideas to the report format. During the week I come across good setups and those are featured in the weekly report. However, there are those that pop during the week and is worth bringing to your attention before the week finalizes. Below is the latest addition to Tech Charts watchlist from AMERICAS equities. These charts will also be included in the weekly update.
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