GLOBAL EQUITY MARKETS – August 17, 2019
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. 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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