Stock markets globally recently are moving in synch. They rallied together from mid February, and now look to be rolling over together. Some think the USD is driving all markets. I'll leave the thinking to others and just trade what I see. Charts in this post show all sessions trade.
S&P 500 daily chart. Through trend line support.
Dow, Through trend line support. The Elliott Wave count is medium term bullish, with the market bottoming in wave E then rallying to new highs, but there are bearish alternative counts. EW when used properly is a great way to explore possibilities and tell stories, but I am not convinced that it has a better than even chance of identifying one path as being more likely than another.
EURO STOXX 50. Through trend line support.
Nikkei. Through trend line support.
Hang Seng. Through trend line support.
ASX 200. Clinging to trend line support.
Lastly I'll show a monthly chart of the S&P 500. Topped? Or getting set for new highs? I don't know, of course, nobody does, but in either case, I would not rule out a visit to the lower line of the current trend channel, around 1800, if the current near term weakness extends.