The S&P 500 is making new highs while a rising Trend Index indicates buying pressure. Target for the advance is 3000.
China’s Shanghai Composite Index is in a primary down-trend. Trend Index peaks below zero warn of selling pressure. Breach of support at 2700 is likely and would offer a long-term target of the 2014 low at 2000.
The Footsie broke support at 7600. Follow-through below 7500 warns of a correction to test primary support at 6900/7000.
North America leads the global recovery, China is falling, while Europe is sandwiched in the middle, with potential loss of trade from East and West if a trade war erupts.