The MSCI World Index is balanced at contract highs.
Trend and price action remain bullish, but early signs of exhaustion appearing as momentum studies begin to weaken.
Risk of a corrective pullback in the coming months.
A close below the 1873~ low of May will prompt a Downgrade to Neutral and open up the 1831~ lows from March-April.
Our most recent MSCI World Index update for the coming months, part of the Equities Monthly publication which is available for free via our website
The report covers the #US #VIX, #SPX #SP500, #UK #FTSE #Germany #DAX, #Europe #Eurostoxx, #HongKong #HSI, #China and #Australia All Ordinaries.
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Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.