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GLOBAL EQUITY MARKETS – June 15, 2019

REVIEW


The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) held onto its past week's gains. The ETF didn't move much and remained in a range between the 200-day moving average at 71.2 and the horizontal resistance at 74.8 levels. There is no clear trend or a recognizable chart pattern in the short-term. The ETF offers short-term trading opportunity between the boundaries at 71.2 and 74.8.

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GLOBAL EQUITY MARKETS – June 8, 2019

REVIEW


The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) had a sharp reversal above its 200-day average and the horizontal resistance at 71 levels. Previous week's breakdown from the H&S top was possibly a bear trap. Global equities are going through a volatile, trend-less period. Read More

GLOBAL EQUITY MARKETS – June 1, 2019

REVIEW


The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) finsihed the week below the important support level at 71 levels. The head and shoulder chart pattern price target stands at 67.75 levels. Both the neckline and the 200-day moving average stands at 71 levels and will act as resistance. Read More

GLOBAL EQUITY MARKETS – March 2, 2019

REVIEW


The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF remains above its long-term 200-day moving average. The ETF is now testing a minor resistance level at 71.3. The rebound from January lows has been strong and without any correction. A possible correction can result in a pullback to test the 200-day moving average at 69.8 levels. With the price remaining above the long-term average, the technical outlook has turned positive.

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GLOBAL EQUITY MARKETS – February 16, 2019

REVIEW


The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF had another strong week pushing the ETF above its 200-day (40-week) moving average. Back to back weekly gains followed the V-bottom reversal from the support level at 63. I think we are likely to see some sort of consolidation around the long-term average. Given the uninterrupted advance from January lows, a short-term pullback can possibly form the right shoulder of a H&S bottom formation. Please note it is still early to call for such development. I want to highlight this possibility as many other benchmarks are forming similar structures. For a good example of a consolidation around the long-term average, you can check the H&S bottom formation in 2016.

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GLOBAL EQUITY MARKETS – February 9, 2019

REVIEW


The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O), found resistance at the 200-day moving average. After a sharp rebound from the support area (63 levels), the long-term 200-day moving average was the first important resistance the ETF faced. During any consolidation around the 200-day average or during a pullback, I will be looking for a bullish continuation chart pattern development. For bullish interpretation and a reversal of the downtrend, I would like to see the ETF stabilizing above its long-term average. A good example is the first half of 2016...

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GLOBAL EQUITY MARKETS – January 26, 2019

REVIEW


The benchmark for Global equity markets performance, iShares MSCI All Country World Index ETF (ACWI.O) had a strong rebound from the support level at 63 levels. V-reversal pushed the ETF towards its long-term moving average at 69.7 levels. In the last quarter of 2018, the ETF broke down its 7 month-long consolidation and started a corrective period. Over the past 5 weeks the ETF had back to back gains that recovered most of December 2018 losses without any pullback. Latest rebound might be due for a short pullback. I will be looking for bullish chart pattern developments to find low risk entry points.

Friday's price action was a gap opening. Below I analyze two gap openings on the iShares MSCI Emerging Markets ETF (EEM) and the iShares MSCI All Country World Index ETF (ACWI.O).

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GLOBAL EQUITY MARKETS – January 19, 2019

REVIEW


The iShares MSCI All Country World Index ETF, a measure of Global equity markets performance, had a sharp rebound from the support level at 63. V-bottom reversals are difficult to analyze and trade. If we have seen a V bottom and the ETF keeps climbing higher in the following weeks, I will wait for the price to stabilize around the long-term average. During any pullback I will monitor this ETF for short/medium-term bullish continuation chart pattern developments. Long-term 200-day moving average stands at 69.7 levels.

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GLOBAL EQUITY MARKETS – January 12, 2019

REVIEW


The iShares MSCI All Country World Index ETF, a measure of Global equity markets performance, had a sharp rebound from the support level at 63. Back to back weekly gains pushed the index towards the resistance area between 66.3 and 70. Is the recent rebound part of a bottoming process or a counter-trend rally in a downtrend? The answer lies in the following week's price action. V-bottom reversals are difficult to analyze and trade. If we have seen a V bottom and the ETF keeps climbing higher in the following weeks, I will wait for the price to stabilize above the long-term average. If there is a re-test of previous lows in an attempt to form a double bottom, then I will monitor the ETF for a long opportunity. The other possibility is that we see a short-term consolidation before moving higher. That again will alert me to look for bullish setups.

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HEAD & SHOULDER TOP

Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features 2 head and shoulder top chart patterns from Developed and Emerging market equities.

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