May. 2 at 11:16 AM
The S&P500 has rallied +18% off its recent lows and everyone thinks the wheels are about to fall off.
The 2022 Bear Market is firmly in everyone's mind... but what are charts around the world currently doing?
Not a prediction for US markets, but here's a few charts to consider.
German
$DAXX $DAX - Now only 2% off all time highs after a stellar V-Shaped recovery.
Spain
$IGBM $EWP - Already testing previous all time highs.
Singapore Straits Times Index
$STII $EWS - Only 4% off testing all time highs.
After an 18% rally (2yr return) in the US, there's probably going to be some digestion of gains soon.
Congrats all the recent dip buyers.
Overall, I think it makes sense to be open to the idea the crash might be over.
$570-575 area will be key for
$SPY.