GLOBAL EQUITY MARKETS – July 28, 2018
REVIEW
The iShares MSCI All Country World Index ETF (ACWI.O) found resistance at the upper boundary of its 5 month-long consolidation. Last 5 month's price action can be identified as a possible symmetrical triangle with the upper boundary acting as resistance at 74 levels and the lower boundary as support at 70.4 levels. I track ACWI ETF to measure Global equity markets performance. Price continues to remain range-bound.
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Symmetrical Triangle – Bearish Continuation
GLOBAL EQUITY MARKETS – July 21, 2018
REVIEW
The benchmark for Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) continued to remain range-bound in a possible 5 month-long symmetrical triangle. Over the past few weeks, the ETF managed to push above its 200-day (40 week) long-term average. I'm tracking the 200-day moving average as a trend indicator. The upper boundary of the 5 month-long symmetrical triangle is acting as resistance at 74 and the lower boundary is acting as support at 70.4 levels.
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