GLOBAL EQUITY MARKETS – April 1, 2023

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is looking for direction. So far price action has been volatile around the 200-day average. After this week's strong rally above the 200-day average, I'm weighing the possibility of a large scale H&S bottom reversal with the neckline standing at 93.3 levels. The ETF might be completing the right shoulder of a multi-month long H&S bottom reversal.

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Live Webinar and Q&A with Aksel – Wednesday, March 29, 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: Wednesday, March 29, 8:30 am mountain (register below) Read More

GLOBAL EQUITY MARKETS – March 25, 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 looking for direction. So far price action has been volatile around the 200-day average. Clearly price action is morphing and on the daily and weekly scale price charts of ACWI ETF there is no clear chart pattern development. Short-term support stands at 83.7 levels. Recovery above the 200-day average can help the ETF test the resistance at 93.3 levels.

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