iShares All World Index ( ACWI ) vs Nasdaq 100 ( QQQ ) vs S&P500 ( SPY ) vs Emerging Markets (EEM) vs South Africa ( EZA ) highlights how very poorly South Africa has compared to the world, emerging markets and the USA.
ACWI Has reached my first target of 79.47 of the right shoulder rectangle of the larger Head and Shoulders pattern. ACWI is still showing great strength here and I am looking for it to continue on to reach the Head and shoulders target of $85.89.
Comparing performance of MSCI indices, World, All Countries World Index (AWCI) and Emerging Markets (EM)
World = Developed markets only
ACWI = Developed + Emerging markets
EM = emerging markets only
Interesting graph on the MSC I All Country World Index ETF (ACWI). Since March this year, the ACWI traded in a parallel band between $70-$75 for most of the period. Three times during this 7-month period, it tried to breach the resistance, just to see it drop back to the $70 support line again.
It is also important to note that the share price has been trading...
Risk trends will dictate how the next few days to weeks will play out. The last several times price has reached the $75 it has rejected and retraced to $70. Most recently two pin bar candles have formed back-to-back so the probability of bearish price action has increased significantly. Traders should pay attention to headlines related to trade and fed speak. If...
NASDAQ:ACWI
The price has bounced many times on the level 75.00 forming a clear resistance, and finding in the last period also support on the level 70.00.
In this case, being the leading ETF on the world's leading indices, uncertainty can be perceived in the markets at the moment.
However, it is not a guideline for our operations, but rather a potentially...
The All Country World Index ETF is facing stiff resistance once more at the 75$ level (5th test since Feb 2018). We have had a tremendous rally since the lows seen in December last year, but unless this level can break i would really be cautious chasing world markets. It is clear some US indices have broken to new highs, but the fact that we are still battling to...
NASDAQ
