GLOBAL EQUITY MARKETS – December 9, 2023

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is trying to stabilize above the 200-day average. The ETF is holding on to its gains and resuming towards the next resistance at 99.5 levels. With the recovery above the 200-day average, I start monitoring the chart with a bullish perspective. During any pullback the ETF can fill the gap above 94.1 levels, which could be considered as a pullback to the long-term average. Long-term H&S bottom price target stands at 109 levels. Breakout above 99.5 levels can resume the uptrend towards the H&S bottom price target at 109 levels.

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Live Webinar and Q&A with Aksel – Thursday, December 14, 2023, 8:30 am mountain

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Dear Tech Charts Members, We are continuing our Member webinar series with chart pattern reliability and how the latest market conditions have impacted success rates on different chart patterns. We plan to have an interactive session and an open discussion to answer members' questions on different markets and specific charts of interest. Please send your charts and questions to aksel@techcharts.net, and I will add them to the webinar discussion points. Scheduled for: Thursday, December 14, 8:30 am mountain (register below) Read More

GLOBAL EQUITY MARKETS – December 2, 2023

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is trying to stabilize above the 200-day average. The ETF is holding on to its gains and resuming towards the next resistance at 99.5 levels. With the recovery above the 200-day average, I start monitoring the chart with a bullish perspective. During any pullback the ETF can fill the gap above 94.1 levels, which could be considered as a pullback to the long-term average. Long-term H&S bottom price target stands at 109 levels.

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