Tag Archive for: .AFLI

Reminder: I will be speaking at the Dubai Traders Summit organized by MetaStock on April 26th. Over the past decade I worked for institutions in the region, managing funds & portfolios as well as analyzing Emerging and Frontier markets. At this one day event I hope to connect with Tech Charts members & followers, ex-colleagues and fellow traders to discuss some of the best classical chart patterns that helped me in making trading and investment decisions. Registration is free. You can follow this link to register >> DUBAI TRADERS SUMMIT APRIL 26th.

REVIEW

The benchmark for Global Equity Markets performance, iShares MSCI All Country World Index ETF is trying to rebound from strong support area formed by the 200-day (40 week) average and the lower boundary of upward trend channel. Failure to hold above support area can result in a larger scale correction. iShares MSCI Emerging Markets Index ETF (EEM) is also trying to find support around the long-term support area. While the long-term uptrend is still intact, we are possibly due for more choppy price action in the coming weeks. Several major Global equity indices are forming well-defined trading ranges. Charts below show the boundaries of these consolidations.