Vanguard Total World Stock Index ETF NYSEARCA: VT “Weekly” Chart
Stocks have been moving higher globally, with several developed markets bouncing back and rallying into September.
This can be seen in the Vanguard Total World Stock Index ETF (VT), which rose by 2% last week to over $75.
Based on the market cycles, I see a similar pullback in global equities markets, with this one focused on the month of September.
The cycle low at just below $71 may provide support as it did previously.
For a more detailed analysis of both of these charts, check out the latest episode of the askSlim Market Week show.
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Edited on September 9, 2019 at 1:59 pm EST to replace image with corrected text on image.