GLOBAL EQUITY MARKETS – September 15, 2018
REVIEW
The iShares MSCI All Country World Index ETF (ACWI.O) rebounded from its long-term 200-day average and made another attempt to breakout above the upper boundary of its 6 month-long symmetrical triangle. Friday's close was around the upper boundary of the multi-month long sideways consolidation. In the last week of August the ACWI ETF breached the upper boundary but failed to trend higher. Renewed strength can help the iShares MSCI All Country World Index ETF breakout from the 6 month-long symmetrical triangle.
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GLOBAL EQUITY MARKETS – September 8, 2018
REVIEW
Strength in U.S. equities alone was not enough to push the iShares MSCI All Country World Index ETF (ACWI.O) out of its 6 month-long consolidation range. Few days of price action above the chart pattern boundary at 73.9 levels failed to materialize into a strong directional movement. The ETF continues to remain in a range between 70.6 and 73.9 levels. Strong support stands at 70.6 levels.
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GLOBAL EQUITY MARKETS – September 1, 2018
REVIEW
The iShares MSCI All Country World Index ETF (ACWI.O) breached the upper boundary of its 6 month-long symmetrical triangle. The upper boundary is acting as resistance at 73.9 levels. The jury is still out. We need to see a follow through in the following week to call for a breakout from the lengthy sideways consolidation. This week's price action can be a premature breakout that can be followed by a secondary completion. More on: Premature & False breakouts
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