REVIEW

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) broke out of the sideways consolidation and is now resuming the uptrend. The benchmark completed a H&S continuation with the breakout above the horizontal resistance at 143.1 levels. H&S continuation price target is at 150.2 levels. Previous resistance at 143.1 becomes the new support. Last week’s price action looks like a hard re-test of the neckline and a rebound. 

 

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REVIEW

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) broke out of the sideways consolidation and is now resuming the uptrend. The benchmark completed a H&S continuation with the breakout above the horizontal resistance at 143.1 levels. H&S continuation price target is at 150.2 levels. Previous resistance at 143.1 becomes the new support.

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After reviewing several daily end of day charts and weekly charts from the weekend research, these opportunities from Global Equities are worth bringing to your attention as they get closer to breakout levels and can confirm chart pattern setups before the week finalizes. These charts will be discussed in the weekend report as well.

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REVIEW

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) after finding support at 136 levels and rebounding strong, found resistance at 143.1 levels. The sideways correction seems contained with the consolidation between horizontal boundaries of 136 and 143.1 levels. Uptrend is intact. Breakout from the sideways consolidation can resume the uptrend. Failure to clear 143.1 is now resulting in a range-bound price action between 136 and 143.1. A possible H&S continuation might be forming with the right shoulder in progress. H&S continuation price target is at 150.2 levels. A strong daily close above 143.1 levels will confirm the breakout.

 

 

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REVIEW

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) after finding support at 136 levels and rebounding strong, found resistance at 143.1 levels. The sideways correction seems contained with the consolidation between horizontal boundaries of 136 and 143.1 levels. Uptrend is intact. Breakout from the sideways consolidation can resume the uptrend. Failure to clear 143.1 is now resulting in a range-bound price action between 136 and 143.1. A possible H&S continuation might be forming with the right shoulder in progress. H&S continuation price target is at 150.2 levels. A strong daily close above 143.1 levels will confirm the breakout.

 

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