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GLOBAL EQUITY MARKETS – October 26, 2019

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) breached the  resistance at 74.8 levels. While the long-term chart pattern can be identified as a H&S continuation, the short-term chart pattern is possibly a rectangle. With ETFs and indices a breakout confirmation level of 1% can be sufficient.  I will take a daily close above 75.5 levels as a breakout confirmation. I monitor this ETF for another day of strength. Possible chart pattern price target for the rectangle stands at 79.6 levels.

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GLOBAL EQUITY MARKETS – October 19, 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 resistance at the famous horizontal 74.8 resistance. It is now almost 2 year that the ETF has been trading below the strong resistance with several tests. The rebound from the 200-day average at 72.5 took place with a gap opening. If we see further consolidation and pullback the ETF can fill the gap between 73 and 73.6 levels. The ACWI ETF is still trading in a wide range and the strong resistance continues to remain at 74.8 levels. Only after a breakout above the strong horizontal resistance we will conclude the completion of a multi-month long bullish chart pattern. The right shoulder of a possible H&S continuation is now well-defined and can be labelled as a rectangle.

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GLOBAL EQUITY MARKETS – October 12, 2019

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) rebounded strong from the support area formed by the horizontal minor support and the 200-day moving average between 72.25 and 72.5 levels. The weekly close was close to the multi-month long resistance at 74.8 levels. The ETF is still trading in a wide range and the strong resistance continues to remain at 74.8 levels. Only after a breakout above the strong horizontal resistance we will conclude the completion of a multi-month long bullish chart pattern. The right shoulder of a possible H&S continuation is now well-defined and can be labelled as a rectangle.

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GLOBAL EQUITY MARKETS – October 5, 2019

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) filled the gap between 72.5 and 73.5 area. Both the 200-day moving average and the minor high are formed support around 72.25 and 72.5 levels. The weekly close was off the lows suggesting buyers stepped in around the 200-day moving average. The ETF is still trading in a wide range and the strong resistance continues to remain at 74.8 levels. Only after a breakout above the strong horizontal resistance we will conclude the completion of a multi-month long bullish chart pattern.

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GLOBAL EQUITY MARKETS – September 28, 2019

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) reversed from the strong horizontal resistance at 74.8 levels. The pullback is possibly filling the gap between 72.5 and 73.5 area. Both the 200-day moving average and the minor high are forming support around 72.25 and 72.5 levels. A long-term breakout will take place only if the ETF clears the horizontal resistance at 74.8 levels. Larger scale chart pattern can be identified as a H&S continuation. Since April 2019, the ETF is trading between 70 and 74.8 levels.

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GLOBAL EQUITY MARKETS – September 21, 2019

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is holding at the upper boundary of the larger scale consolidation at 74.8 levels. A long-term breakout will take place only if the ETF clears the horizontal resistance at 74.8 levels. Larger scale chart pattern can be identified as a H&S continuation. Since April 2019, the ETF is trading between 70 and 74.8 levels. It is important to note that 74.8 acted as a strong resistance since the first quarter of 2018. Failure to break the strong resistance can result in a pullback towards the support at 72.5. On the daily scale price chart we can see a gap (72.5-73.5) and that gap can be filled during the pullback.

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GLOBAL EQUITY MARKETS – September 14, 2019

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Reminder:

We are continuing our Member webinar series with a review of the most reliable chart patterns Tech Charts Global Equity Markets report featured over the past two years. We will go through numbers on chart pattern reliability. Since May 2017, Global Equity Markets report featured classical chart pattern breakouts. Out of those, most reliable were H&S bottom, rectangle, and descending triangle. We will review under which conditions these chart patterns reached their price objectives. 

Given the current market conditions, the webinar will review some of the important charts that are at inflection points. Global equities can start new medium-term trends and it is important to review some of the charts that could signal the beginning of strength.

Scheduled for: Thursday, September 19th at 8:30 am mountain (register here)

REVIEW

After the minor consolidation between 70 and 72.5 completed on the upside the benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) reached the upper boundary of the larger scale consolidation at 74.8 levels. A long-term breakout will take place only if the ETF clears the horizontal resistance at 74.8 levels. Larger scale chart pattern can be identified as a H&S continuation. Since April 2019, the ETF is trading between 70 and 74.8 levels. It is important to note that 74.8 acted as a strong resistance since the first quarter of 2018.

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GLOBAL EQUITY MARKETS – September 7, 2019

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REVIEW

The minor consolidation between 70 and 72.5 is completed on the upside. The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) remains in a wider trading range between 70 and 74.8 levels. A long-term breakout will take place only if the ETF clears the horizontal resistance at 74.8 levels. Larger scale chart pattern can be identified as a H&S continuation.

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GLOBAL EQUITY MARKETS – August 31, 2019

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) formed a short-term consolidation range between 70 and 72.5 levels. The larger scale consolidation is between 70 and 74.8 levels. The boundaries have become well-defined. Breakout above the minor resistance at 72.5 levels can send the ETF towards the resistance at 74.8 levels. Failure at the minor resistance can result in further sideways consolidation between 72.5 and 70 levels. How the ETF resolves from the recent tight consolidation will decide on the last quarter performance for Global equities.

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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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