Updated Analysis: During Q1 2022, the $100 level represented a key pivot , which if breached, would see global equities begin a downward trend. We have since seen the price of the ETF drift lower, declining by 13% as at Friday's close. An observation of the weekly chart sees global equities having given back 4 weeks worth of gains in one week, with a bearish...
ACWI just confirmed a med term uptrend when it bounced off 97 support zone (with a long weekly hammer) ,also bounced off the top of the megaphone pattern from 2018 to pandemic low.
Worst case scenario if 97 do not hold. It may go down to 90 to retest the top of a very big upchannel.
Not trading advice
Sensex has now finished above the 2018-trendline for the third time on a weekly basis. RSI also showing strength.
More confirmation that India is now a good place to invest your money.
For educational and entertainment purposes. Not investment advice.
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...
NASDAQ
