global6packsept23

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The above 6-pack update the patterns on some of the larger stock markets around the world.

As you can see Germany and the S&P 500 are these strongest of this set, as both are well above their highs reached in 2000 & 2007. As this time both are near rising channel resistance. 

France (CAC 40), China ETF and the Hang Seng index are almost the exact opposite as they are well below their 2007 highs and it appears they recently hit resistance lines and turned quickly softer. 

Did London (FTSE 100) create a triple top? Way to early to tell. Needs to reflect further weakness to call this a top.

Bottom line- Watch the strong/leaders (S&P 500 and Germany) in the next few weeks to see what type of message they send to other global stock markets.