First the S&P 500. It has broken lower from the recent up trend channel, and looks to have completed a bearish false upside break from the almost year old blue channel. The Elliott Wave count is my best guess of the big picture structure, and implies that after coming wave C concludes, the market will rally to new all time high. Of course there are other big picture counts that also make sense, some more bullish, some more bearish, that's the way with EW. In any case, I think the near term trend has turned down. I'll change my view on the big picture if I see reason to.
NASDAQ 100 closed the week below trend line support. Beginning a 3rd wave lower? I think so. If so, it'll be brutal. If it's not brutal, we'll know the count is wrong and something else is happening.
Nikkei testing support.
Hang Seng testing support.
EURO STOXX 50 breaking down.
ASX/SPI 200 testing support.