As of the close of last Friday, selected international indices were well above their 200-DMA and a little below their 250-day highs. This picture may change this week.
The DAX is 5.5% above its 200-DMA, followed by a 5.1% for S&P 500, 4.79% for CAC40, 3.35% for FTES and 3.36% for S&P/ASX 200. At the same time, all these indices are less than -1.3% away from their 250-day highs:
This is still a massive bull market despite corrections in a few sectors in the US, mainly hot air going out of some technology stocks. Let us see what happens this week and whether this picture will change. Already this morning the S&P/ASX 200 is down -1.28% and European indices are down a little less than 1%.
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Disclosure: no relevant positions.
Charting program: Amibroker