A number a global stock markets are starting to look bearish. Is this just another dip in the extraordinary post COVID boom, or are we in for some major Chart Damage over coming months?
The RUSSELL 2000 Mid Cap Index is the most bearish US chart and is displaying a potential full break down below support after a topping formation.
The S&P 500 is not as weak as the RUSSELL 2000 but showing signs of early weakness which could lead to something more.
The ASX 200 didn't rally nearly as much as the US. It's looking a bit toppy and is testing the support zone which coincides with the pre-COVID top.
