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GLOBAL EQUITY MARKETS – August 3, 2019

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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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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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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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GLOBAL EQUITY MARKETS – June 22, 2019

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) remains above its 200-day average. Strong resistance stands at 74.8 levels and the 200-day moving average as support at 71.3 levels. The weekly scale price chart can form a possible H&S continuation. So far the right shoulder formed symmetry in price but not in time. In other words the time it took for the left shoulder has been longer than the right shoulder. Perfect symmetry is rare. Breakout above 74.8 levels will be positive for Global equities.

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GLOBAL EQUITY MARKETS – June 1, 2019

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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 – May 18, 2019

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O), pulled back from the strong resistance at 74.8 levels. During the week price tested the long-term 200-day average at 71 levels and rebounded. For now we can conclude that the 200-day average acted as support. In the following weeks I will monitor the price action around the average. Failure to hold above 71 levels can result in a larger scale correction. The daily scale price chart can form a short-term H&S top. Both the neckline of the possible H&S top and the 200-day moving average are overlapping at the same level (71). In the short-term, as long as the price remains above 71 support, ACWI ETF is expected to trade between 71 and 74.8 levels.

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GLOBAL EQUITY MARKETS – May 11, 2019

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The benchmark for Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) experienced a sharp pullback from the strong resistance at 74.8 levels. Pullback found support around the 200-day moving average at 71 levels. What could be next for the Global equity benchmark? One option is a new trading range between 71 and 74.8, similar to what the benchmark experienced in the first half of 2018. A consolidation between the long-term average and the horizontal resistance at 74.8. The other option is the continuation of the correction with a breach below the long-term average. As long as the index manages to hold above the long-term average, I will continue to view the price action as positive. Short-term support is at 71 and the resistance is at 74.8 levels.

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