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MSCI.... A Sheep in Wolfe's (Waves) Clothing ???

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I am seeing a Wolfe Wave formation, breaking today. The target is in early March to around the $530 level. That would be an approximate 1/3 drop of MSCI's runup since late October.

Note this is a 65-minute chart view. MSCI's current beta is 1.13

Insert #1 is the last Wolfe Wave in late 2022, with favorable results. Insert #2 is the current WW where W5 has been recalculated, based on a recent January 30 earnings surprise and MSCI shares gained nearly 17% to today's high. Additionally I have added a cycle analysis which has had a good recent record of projecting tops and bottoms.

As Momentum (RSI) rolls over, one should consider collapsing a current position or shorting.

Let the price action and broad markets direction dictate your position. Don't front run your view

If the markets continue to regurgitate today's Fed comments in a negative way (that is to say, CPI is sticky and rate cuts are put off), then MSCI could weaken considerably.

Not investment advice...do your own due diligence.

Good Luck !

MSCI is an acronym for Morgan Stanley Capital International. It is an investment research firm that provides stock indexes, portfolio risk and performance analytics, and governance tools to institutional investors and hedge funds. It operates through the following segments: Index, Analytics, ESG and Climate, and All Other-Private Assets.

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