GLOBAL EQUITY MARKETS – April 6, 2019
REVIEW
The benchmark for Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) continues to remain strong. The ETF had a strong rebound from support at 63 levels and since then the uptrend resumed without any significant setback. In February the ETF cleared its 200-day moving average and continues to trend above its long-term average. In the short-term horizontal resistance at 74.8 levels can act as an overhead supply. Strong support is the 200-day average at 70.3 levels.
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Moving Averages
GLOBAL EQUITY MARKETS – March 30, 2019
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is trying to find direction above its long-term average. We can see choppy price action around the 200-day average. More important is how the index will consolidate around the average. If it forms an orderly, recognizable short-term consolidation (in the form of a flag, pennant, rectangle, symmetrical triangle) I will conclude that the index is preparing for a new leg up. 200-day moving average is forming support at 70.15 levels.
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