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GLOBAL EQUITY MARKETS – August 24, 2019

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) failed to push above its 200-day moving average at 72 levels. Friday's sell-off pulled the index towards the support level at 70 levels. Breakdown below 70, after several tests, can complete a possible double top with the price target of 65.3 levels. Though, the ETF might try to stabilize at 70 levels once again. I monitor this chart for a possible breakdown.

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GLOBAL EQUITY MARKETS – August 17, 2019

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) found support at the minor low at 70 levels. This week's price action was the 3rd test of the support at 70 levels. The ETF is possibly forming a new trading range between 70 and 74.8 levels. Breakdown below 70 levels can confirm the consolidation as a double top and result in further weakness.

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GLOBAL EQUITY MARKETS – August 10, 2019

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) found support at the minor low at 70 levels. Mid-week Interim Update discussed the possibility of a rebound. The reversal from 70 levels filled the gap. This week's close was at the 200-day average. The ETF is possibly forming a new trading range between 70 and 74.8 levels. Breakdown below 70 levels can result in further weakness.

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INTERIM UPDATE – August 7, 2019

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As the trade war tensions between U.S. and China escalated, volatility in Global equity markets increased. Given the levels the major Global ETFs are testing, I think a mid-week update would be helpful to put the current status of the markets into perspective.

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GLOBAL EQUITY MARKETS – August 3, 2019

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) failed to break above the strong horizontal resistance once again. Failure to break above the strong resistance resulted in a pullback towards the long-term average at 72 levels. On Friday the ETF tested the 200-day and closed the day off its lows. If we see the price stabilizing above the support at 72, the new trading range can become 72 and 74.8. Failure to hold above the 200-day can result in a larger scale correction. Next support is at 70 levels.

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GLOBAL EQUITY MARKETS – July 27, 2019

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) continues to challenge the strong horizontal resistance at 74.8 levels. A breakout can be very positive for Global equities. Failure at the strong resistance can result in a pullback towards the long-term average at 71.9 levels.

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GLOBAL EQUITY MARKETS – July 20, 2019

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is testing the horizontal resistance at 74.8 levels. Breakout can be positive for Global equities. This week's price action once again challenged the horizontal resistance at 74.8 levels. I'm monitoring ACWI ETF for a possible breakout to all-time highs. The 200-day moving average at 71.9 levels will act as support during any pullback.

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GLOBAL EQUITY MARKETS – July 13, 2019

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is testing the horizontal resistance at 74.8 levels. Breakout can be positive for Global equities. There are several major equity benchmarks that are testing long-term resistance levels. I'm weighing the possibility of a breakout to all-time highs. Usually top reversals do not take place after several tests of horizontal resistance. In this case, several tests of the horizontal boundary can be an indication of a breakout to all-time highs and the continuation of the existing uptrend. The 200-day moving average at 71.6 levels will act as support during any pullback.

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GLOBAL EQUITY MARKETS – July 6, 2019

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is now testing the horizontal resistance at 74.8 levels. Breakout can be positive for Global equities. This week's candlestick shows that 74.8 levels remains a resistance. The 200-day moving average at 71.5 levels will act as support during any pullback.

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GLOBAL EQUITY MARKETS – June 29, 2019

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF continues to remain in a range between the horizontal resistance at 74.8 and the 200-day moving average at 71.4 levels. In the previous report I discussed the possibility of a H&S continuation chart pattern with the neckline standing at 74.8 levels. Price can continue to consolidate between the two important technical levels. A breakout above the horizontal resistance will be very positive for Global equities.

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