GLOBAL EQUITY MARKETS – March 2, 2019
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF remains above its long-term 200-day moving average. The ETF is now testing a minor resistance level at 71.3. The rebound from January lows has been strong and without any correction. A possible correction can result in a pullback to test the 200-day moving average at 69.8 levels. With the price remaining above the long-term average, the technical outlook has turned positive.
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GLOBAL EQUITY MARKETS – February 23, 2019
REVIEW
The benchmark for the Global equity markets performance the iShares MSCI All Country World Index ETF is testing the resistance level at 71.3 levels. Since the beginning of the year the ETF had a strong run towards the 200-day moving average. Over the past two weeks the ETF cleared its long-term average. If there is a pullback, the 200-day moving average will act as a support around 69.7 levels. Price action above the long-term average should be considered bullish and could signal a change in trend.
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INTERIM UPDATE – February 19, 2019
As part of our usual communication and e-mail exchange with Tech Charts members, I got the request to review metal miners. During my research on Philadelphia SE Gold/Silver Index constituents I came across this chart pattern setup which is slightly in longer duration that I feature in the reports (3 months-24 months). However, I think the developing chart pattern is worth bringing to your attention. Read More
